Citigroup's $2.98 Billion Trading Day Lands 33rd as Stock Drops 18.99% in Two Days

On April 4, 2025, Citigroup's trading volume reached $2.98 billion, ranking 33rd in the day's market. The stock price of Citigroup (C) fell by 7.80%, marking the second consecutive day of decline, with a total decrease of 18.99% over the past two days.

Citigroup Inc. has announced the redemption of $3.5 billion in 3.106% Fixed Rate/Floating Rate Notes due 2026. The redemption date is set for April 8, 2025, with the cash redemption price equal to par plus accrued and unpaid interest up to, but excluding, the redemption date. This move aligns with Citigroup's liability management strategy, aiming to enhance the efficiency of its funding and capital structure. The bank will continue to evaluate opportunities to redeem or repurchase securities based on various factors, including economic value, regulatory changes, and market conditions.

Beginning on the redemption date, interest will no longer accrue on the notes. Citibank, N.A. serves as the paying agent for the notes. For further details, the related prospectus supplement can be accessed at the provided web address. Citigroup is a leading banking partner for institutions with cross-border needs, a global leader in wealth management, and a valued personal bank in the United States. The company operates in over 180 countries and jurisdictions, offering a broad range of financial products and services to corporations, governments, investors, institutions, and individuals.