Citigroup Inc Stock Price, News & Analysis

Citi has been appointed as the depositary bank for Nightingale Health OYJ's sponsored Level 1 American Depositary Receipt (ADR) program. The company's ADRs trade on the OTCQX platform under the symbol 'NHLTY', with each ADR representing one ordinary share. The underlying ordinary shares are listed on the Nasdaq Helsinki Stock Exchange under 'HEALTH FH'.

This strategic move aims to provide U.S. investors easier access to Nightingale Health's shares, aligning with the company's global expansion strategy, particularly in the U.S. healthcare market. The partnership leverages Citi's global network through its Issuer Services business, which operates depositary receipt programs across 65 markets.

Citi has been appointed as the successor depositary bank for Prudential plc's sponsored Level 2 American Depositary Receipt (ADR) program. The ADRs trade on the New York Stock Exchange under symbol PUK, with each ADR representing two ordinary shares.

Prudential's ordinary shares are dual-listed on the London Stock Exchange (PRU LN) and Hong Kong Stock Exchange (2378). Through its Issuer Services business, Citi will provide depositary receipt services leveraging its global network across 65+ markets, covering both equity and fixed-income products.

Citigroup has announced the redemption of two notes series totaling $2.25 billion, scheduled for March 17, 2025. The redemption includes $1.75 billion of 3.290% Fixed Rate/Floating Rate Notes and $500 million of Floating Rate Notes, both due 2026.

The redemption price will equal par value plus accrued and unpaid interest up to the redemption date. This strategic move aligns with Citigroup's liability management strategy and aims to enhance funding and capital structure efficiency.

The bank will continue evaluating opportunities for security redemptions or repurchases based on factors including economic value, regulatory changes, impact on net interest margin, borrowing costs, debt portfolio tenor, capital impact, and market conditions.

Citigroup Global Markets Holdings has announced the offering of guaranteed cash-settled exchangeable bonds due February 2030, referable to Airbus SE shares, with a principal amount between EUR 375-400 million. The bonds will be unconditionally guaranteed by Citigroup Inc.

Key features include:

• Issue price: 100-100.25% of principal amount
• Coupon rate: 0.80% per annum
• Exchange price: 35% premium over reference share price
• Minimum denomination: EUR 100,000
• Settlement date: February 5, 2025

The bonds will be listed on the Open Market segment of the Frankfurt Stock Exchange. The reference share price will be calculated based on the 3-day VWAP of Airbus shares on Euronext Paris, starting January 30, 2025. Citigroup Global Markets , Europe AG, and Inc. are acting as Joint Global Coordinators and Joint Bookrunners.

Citigroup has announced the complete redemption of its Series V Preferred Stock, totaling $1.5 billion in aggregate liquidation preference. The redemption will occur on January 30, 2025, with holders receiving a cash redemption price of $1,000 per Depositary Share. Stockholders of record as of January 17, 2025, will receive a final semi-annual dividend of $23.50 per Depositary Share on the redemption date.

This strategic move aligns with Citigroup's liability management strategy and aims to enhance the efficiency of its funding and capital structure. The decision was based on various factors, including economic value, regulatory changes, potential impact on net interest margin, borrowing costs, and overall market conditions. After the redemption date, the Depositary Shares will cease to be outstanding, and no further dividends will accrue.

Citigroup has announced the complete redemption of its €451,934,000 4.25% Fixed Rate/Floating Rate Subordinated Notes due 2030. The redemption is scheduled for February 25, 2025, with the cash redemption price equaling par value plus accrued and unpaid interest up to the redemption date.

This strategic move aligns with Citigroup's liability management strategy and ongoing efforts to optimize its funding and capital structure. The decision to redeem these notes was based on multiple factors, including economic value, regulatory changes, potential impact on net interest margin, borrowing costs, debt portfolio tenor, capital impact, and market conditions.

After the redemption date, the notes (ISIN: XS0213026197) will cease to accrue interest, with Citibank, N.A. serving as the paying agent.

Citi Issuer Services has completed the settlement of the Climate Investment Funds (CIF) Capital Market Mechanism (CCMM)'s first bond issuance. The 3-year bond raised US$500 million to support the Clean Technology Fund (CTF) in scaling up low-carbon technologies.

Citi acted as Note Trustee, Principal Paying Agent, and Calculation Agent for CCMM's borrowing program, which was listed in November 2024. CCMM, established in July 2024 and rated AA+ by Fitch and Aa1 by Moody's, raises private sector capital through bond issuances to support clean technologies in low- and middle-income countries, including renewable energy, energy efficiency, and clean transport.

Projects are financed through six implementing multilateral development banks, with the World Bank serving as CTF Trustee and Treasury Manager for CCMM.

Citigroup has announced the release of its fourth quarter and full-year 2024 financial results. The company has made the detailed results available on its website, along with a Quarterly Financial Data Supplement containing additional financial statistics, business-related information, and segment trends.

Citi has scheduled a conference call and live webcast to discuss these results. The company maintains its position as a leading banking partner for institutions with international operations, while also serving as a global wealth management leader and personal bank in the United States. Citi's operations span across more than 180 countries and jurisdictions, offering a comprehensive range of financial products and services to corporations, governments, investors, institutions, and individuals.

Citigroup has announced its quarterly dividend declarations for both common and preferred stock. The company will pay a quarterly dividend of $0.56 per share on common stock, payable on February 28, 2025, to stockholders of record on February 3, 2025.

The board also declared dividends on multiple series of preferred stock, with rates ranging from 3.875% to 7.625%. These preferred stock dividends will be paid on various dates in early 2025, with most payments scheduled for February 18, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will receive payments ranging from $9.6875 to $31.25 per receipt.