Citigroup Inc
Change company Symbol lookup
Select an option...
C Citigroup Inc
MHN BlackRock MuniHoldings New York Quality Fund, Inc.
CVE Cenovus Energy Inc
ALLT Allot Ltd
CGNX Cognex Corp
INTC Intel Corp
ZSANQ Zosano Pharma Corp
BIPC Brookfield Infrastructure Corp
UTG Reaves Utility Income Trust
ARDLF Ardent Leisure Group Ltd
Go

Financials : Banks | Large Cap Value
Company profile

Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its operating business segments include Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM), Legacy Franchises and Corporate/Other. ICG segment consists of services, markets, and banking that provides corporate, institutional, and public sector clients with a range of wholesale banking products and services. The Company’s PBWM segment consists of United States (US) personal banking and global wealth management, providing traditional banking services and credit cards to retail and small business customers in the U.S. Its Legacy Franchises segment includes Asia consumer banking, Mexico consumer banking/Mexico small business and middle-market banking (SBMM) and legacy holdings assets.

Premarket

Last Trade
Delayed
$53.22
0.03 (0.06%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$53.19
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
174

10-day average volume:
15,307,254
174

Citi Hires Veteran-Owned Firms Exclusively to Lead Manage Recent $2.0 Billion Bond Issuance

9:00 am ET May 27, 2022 (BusinessWire) Print

Citi today announced that it worked exclusively with Veteran-owned firms to syndicate a $2.0 billion bond issuance in the spirit of the upcoming Memorial Day holiday, underscoring Citi's long-standing commitment to providing opportunities to the Veteran community.

"Military servicemembers and Veterans are highly valued members of Citi's diverse culture. Broadening our relationship externally and engaging further with the Veteran community is very important to us. We hope that through our work with these Veteran-owned broker dealers, we honor those who have made the ultimate sacrifice for our country," said Edward Skyler, Citi's Head of Global Public Affairs and Co-Lead of Citi Salutes.

For this transaction, Citi issued $1.5 billion of a 3-year non-call 2-year senior fixed-to-float and $500 million of a 3-year non-call 2-year floating rate note indexed to SOFR. The bonds priced on May 17. Citi exclusively hired nine Veteran-owned firms in the underwriting syndicate to distribute the bonds to investors. The nine firms included Academy Securities, Inc., American Veterans Group, AmeriVet Securities Inc., Bancroft Capital, LLC, CAVU Securities, Drexel Hamilton, LLC, Mischler Financial Group, Inc., Multi-Bank Securities, Inc., and Roberts & Ryan Investments Inc.

"We continue to receive positive investor feedback supporting the use of diverse syndicates for our debt issuance and believe that our continued, successful partnership with Veteran-owned firms demonstrates the appreciation and respect we have for our servicemen and women, and highlights their contributions to the financial markets," said Michael Verdeschi, Treasurer of Citi.

"Roberts & Ryan is extremely grateful to have played a role in this transaction. Citi's longstanding support of not just Veteran-owned firms, but of the entire diverse broker space, is truly inspiring. Memorial Day reminds us of the ultimate sacrifice our service members have made for this great nation. Citi's commitment to Veteran firms, on this most solemn of occasions, exemplifies the citizen's role in supporting those who have worn the uniform. It is incumbent upon us to honor Citi's intentions and give back to all those who have put themselves in harm's way," said Ed D'Alessandro, CEO of Roberts & Ryan, a service-disabled Veteran-owned broker dealer.

Since 2015, Citi has worked with more than 30 firms owned by Veterans, women or underrepresented minorities who have received over $40 million in fees across approximately $190 billion in bond issuance.

Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

View source version on businesswire.com: https://www.businesswire.com/news/home/20220527005086/en/

SOURCE: Citi

Media Contact:
Danielle Romero Apsilos
212 816 2264

Investor Contact:
Peter Demoise
212 559 5091
comtex tracking

COMTEX_407841562/1006/2022-05-27T09:00:01

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.