Citi Hires Women-Owned Firms to Lead Distribution of $1 Billion Citi Bond Issuance in Celebration of International Women’s Day

NEW YORK–(BUSINESS WIRE)–Citi today announced that it hired women-owned firms as lead managers of
a $1 billion bond issuance on behalf of Citibank, N.A. in celebration of
International Women’s Day.

The transaction represents the fourth consecutive year that Citi has
worked predominantly with women-owned firms to syndicate a bond
offering, underscoring its deep, long-standing commitment to helping
women, minority and veteran-owned businesses grow and succeed, further
advancing the firm’s pledge to diversity and inclusion throughout the
finance industry.

Citi issued $1 billion 2-year non-call one-year senior floating rate
notes indexed to the Secured Overnight Financing Rate (SOFR). This
transaction marks Citi’s first SOFR indexed note offering since the
benchmark’s inception. Investors responded positively to the deal, which
follows similar offerings in 2018, 2017 and 2016. For all three
transactions, Citi worked with women-owned firms to syndicate the bonds.

“We are pleased to have successfully completed this transaction,
especially with a syndicate comprised of women-owned firms” said Michael
Verdeschi, Treasurer of Citi. “Citi has issued multiple bond offerings
incorporating diverse syndicate groups and looks forward to continuing
to promote inclusion and diversity in this way in the future.”

In the deal, which priced on March 7, Citi hired 10 women-owned
broker-dealers to assist in the distribution of the bonds to investors.
The firms included Capital Institutional Services, Inc.; C.L. King &
Associates, Inc.; CV Brokerage Inc.; MFR Securities, Inc.; North South
Capital; R. Seelaus & Co.; Siebert Cisneros Shank & Co.; Stern Brothers
& Co; Telsey Advisory Group and Tigress Financial Partners, LLC.

“R. Seelaus & Co. is pleased to participate in this transaction with
Citi and these exceptional firms,” said Annie Seelaus, CEO, R. Seelaus &
Co. “Our inclusion in this syndicate of predominantly women-owned
businesses is a testament to Citi’s market leadership in seeking diverse
partnerships.”

“Siebert Cisneros Shank appreciates the opportunity to be a part of
Citi’s inaugural SOFR transaction,” said Suzanne Shank, Chairwoman, CEO
and a co-founder of Siebert Cisneros Shank & Co. “Citi’s inclusion of
woman-owned firms in this historic transaction demonstrates their
commitment to diversity in the corporate capital markets and our ability
to contribute meaningfully to the success of the financing,” she
continued.

“Citi strives to be a trailblazer in inclusive leadership,” said Tyler
Dickson, Co-Head of Citi’s Banking, Capital Markets and Advisory. “We
are immensely proud of the work that we have done in this space as
highlighted by this transaction and others led by women and
minority-owned firms. Working together with a diverse supplier base is
an integral part of Citi’s commitment to reflect and help strengthen the
communities we serve around the world.”

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
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Contacts

Media:

Sophia Anthony
Citi Global Public Affairs
Banking, Capital
Markets & Advisory Communications
+1 (212) 816-7140
[email protected]

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