NYSE:CBanks
What Citigroup (C)'s Capital Stack Shake-Up Means For Shareholders
Over the past week, Citigroup Inc. completed and announced multiple fixed-income offerings, including new callable senior unsecured notes maturing between 2029 and 2041, while also redeeming in full about US$2.30 billion of its 3.875% Series X noncumulative preferred stock as part of efforts to refine its funding and capital structure.
These moves, alongside the creation of new 6.250% Noncumulative Preferred Stock Series II and fresh preferred depositary share issuance, highlight a broad...