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Citigroup offering $650M in senior notes

New York-based Citigroup Inc. is offering $650 million aggregate principal amount of its floating-rate senior notes due July 1, 2026.

The notes will bear an interest rate equal to the three-month LIBOR plus 125 basis points. Interest on the notes will be paid quarterly on Jan. 1, April 1, July 1 and Oct 1 of each year, beginning Oct. 1. The first payment will include 100% of the principal amount plus interest accrued from June 12.

Additionally, the notes will be redeemed for 100% of their principal amount plus accrued and unpaid interest to the redemption date.

Citigroup Global Markets Inc., BNY Mellon Capital Markets LLC, Capital One Securities Inc., Commerz Markets LLC, Credit Suisse Securities (USA) LLC, Lloyds Securities Inc., Santander Investment Securities Inc., UBS Securities LLC, The Williams Capital Group LP, ANZ Securities Inc., Bank of China Ltd. London Branch, Blaylock Van LLC, BMO Capital Markets Corp., C.L. King & Associates Inc., CastleOak Securities LP, Citizens Capital Markets Inc., Danske Markets Inc., Fifth Third Securities Inc., HSBC Securities (USA) Inc., Industrial and Commercial Bank of China (Asia) Ltd., ING Financial Markets LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., Rabo Securities USA Inc., RBC Capital Markets LLC, Samuel A. Ramirez & Co. Inc., Scotia Capital (USA) Inc., Siebert Cisneros Shank & Co. LLC, SMBC Nikko Securities America Inc., Standard Chartered Bank, TD Securities (USA) LLC, UniCredit Capital Markets LLC and Westpac Capital Markets LLC are underwriters for the offering.