Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are fixed to floating rate notes linked to SOFR and due on October 6, 2025. The notes, which are unsecured debt securities, will initially bear interest at a fixed rate of 5.50% per annum for the first four months post-issuance, and subsequently at a floating rate based on SOFR plus a 0.15% spread, with a minimum interest rate of 0.00%. The notes are guaranteed by Citigroup Inc. and are designed for investors seeking fixed interest payments initially, followed by floating interest payments tied to SOFR. The pricing date for the notes is set for September 4, 2024, with an original issue date of September...Show More