Citigroup’s $6 Billion Bond Offerings

leary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc., in the offerings.

Citigroup Inc. announced its registered offerings of $2.5 billion of fixed-rate/floating-rate bonds due 2033, $1.5 billion of fixed-rate/floating-rate bonds due 2028, $1.5 billion of fixed-rate/floating rate bonds due 2025, and $500 million of floating-rate bonds due 2025, all to be issued on May 24, 2022. The securities were offered for sale in the United States, Europe, Asia, and elsewhere.

The Cleary team included partner Jeff Karpf (Picture), senior attorney Elizabeth Chang, and associates Almitra Gupta and Taewan Roh. Partner Bill McRae and associate Drew Schaefer advised on tax matters. All lawyers are based in New York, except Almitra Gupta who is based in London.

Involved fees earner: Elizabeth Chang – Cleary Gottlieb Steen & Hamilton; Almitra Gupta – Cleary Gottlieb Steen & Hamilton; Jeffrey Karpf – Cleary Gottlieb Steen & Hamilton; William McRae – Cleary Gottlieb Steen & Hamilton; Taewan Roh – Cleary Gottlieb Steen & Hamilton; Drew Schaefer – Cleary Gottlieb Steen & Hamilton;

Law Firms: Cleary Gottlieb Steen & Hamilton;

Clients: Citigroup Global Markets Ltd;