trending Market Intelligence /marketintelligence/en/news-insights/trending/LqGDOSVB-CyxuzSGfF7EyA2 content esgSubNav
In This List

Citi closes $1.5B depositary shares offering

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition


Citi closes $1.5B depositary shares offering

Citigroup Inc.closed an offeringof an aggregate of $1.5 billion of depositary shares.

The offering included 1,500,000 shares, each representing a 0.04interest in a share of perpetual 6.250% noncumulative preferred stock series T,according to a Form 8-K filed April 26.

The company received net proceeds of approximately $1.48 billionbefore expenses, and if declared, will pay first dividend on Feb. 15, 2017.

Citigroup Global Markets Inc. acted as sole structuring agentand sole book runner.