Summary
Citigroup Inc. (C) has filed a Form 8-K to announce an offer to purchase certain of its outstanding notes from holders located or resident outside the United States. This tender offer is specifically for its €1,250,000,000 4.25% Fixed Rate / Floating Rate Callable Subordinated Notes due 2030 (ISIN: XS0213026197). The offer is scheduled to close on September 22, 2016, at 4:00 p.m. London time. It is crucial to note that this offer is strictly not being made, directly or indirectly, within the United States or to any U.S. persons. Investors holding these specific notes outside the U.S. should be aware of this opportunity to tender their securities. The company cautions that secondary market prices for these notes may experience fluctuations during the offer period.
Key Highlights
- 1Citigroup is launching a tender offer for a specific series of its subordinated notes.
- 2The offer targets holders of €1,250,000,000 4.25% Fixed Rate / Floating Rate Callable Subordinated Notes due 2030 (ISIN: XS0213026197).
- 3The tender offer is exclusively for investors located or residing outside the United States.
- 4The offer is not available to U.S. persons or for tenders originating from within the United States.
- 5The tender offer is set to expire on September 22, 2016, at 4:00 p.m. London time.
- 6Secondary market prices for the targeted notes may be impacted during the offer period.