trending Market Intelligence /marketintelligence/en/news-insights/trending/LqGDOSVB-CyxuzSGfF7EyA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Citi closes $1.5B depositary shares offering

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

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.