Citigroup: Offer To Purchase Five Series Of Outstanding Notes

( - Citigroup Inc ( C ) Wednesday announced the commencement of offers to purchase for cash, five series of Notes that had an aggregate principal amount outstanding of about U.S. $7.5 billion as of July 15.

These Offers, Citi said, currently totaling up to about $2 billion aggregate principal amounts of the Notes, are consistent with Citigroup's liability management strategy, and reflect efforts to enhance the efficiency of funding and capital structure.

Since 2013, Citigroup redeemed or retired U.S. $17.7 billion of securities, excluding exchanged securities.

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