Summary by Moomoo AI
Citigroup announced the issuance of two new notes offerings on September 12, 2024. The first is a 4.542% Fixed Rate/Floating Rate Callable Senior Notes due September 19, 2030, while the second is a 5.411% Fixed Rate Reset Callable Subordinated Notes due September 19, 2039.The company has filed the Terms Agreements for both note offerings, along with their respective form of notes and legal documentation. The senior notes feature a hybrid fixed/floating rate structure, while the subordinated notes incorporate a fixed rate reset mechanism, providing the company with additional funding flexibility.