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Rhode Island-based Citizens Financial to redeem subordinated notes

Providence, R.I.-based Citizens Financial Group Inc. is redeeming all of its outstanding 5.158% fixed-to-floating callable subordinated notes June 29.

The notes will mature June 29, 2023.

The redemption price will be equal to 100% of the principal amount of the notes redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date.