Debt Securities
Issuance of benchmark debt securities is an important source of overall funding for Citi and helps meet both structural and contingent liquidity requirements
Citigroup's funding and liquidity objectives are to maintain adequate liquidity to fund its existing asset base, grow its core businesses in Citicorp, maintain sufficient liquidity, structured appropriately, so that it can operate under a wide variety of market conditions, including market disruptions for both short- and long-term periods, and satisfy regulatory requirements.
For a brief overview of how Citigroup funds its various businesses, please click on the image below.
For a more thorough description of our funding and liquidity, please see "Funding and Liquidity Risk" in our annual Form 10-K and quarterly Form 10-Q SEC filings.
Funding & Liquidity Management
For an overview of our liquidity management process, please click on the image below.
For a more thorough description of our funding and liquidity management, please see "Funding and Liquidity Risk" as provided in our annual Form 10-K.
Citigroup's funding and liquidity is managed by the Citi Treasurer. Liquidity is managed via a centralized treasury model by Corporate Treasury and by in-country treasurers. Pursuant to this structure, Citigroup's goal is to maintain sufficient funding in amount and tenor to fully fund customer assets and to provide an appropriate amount of cash and other liquid assets, even in times of stress. The liquidity framework provides that entities be self-sufficient or net providers of liquidity, including during times of stress.
Citigroup currently accesses capital markets funding primarily through its issuing entity, Citigroup Inc. Citigroup Inc., a bank holding company, is the parent entity. Citigroup Inc. issues senior and subordinated debt (generally in the format of underwritten, term offerings) and preferred stock. Proceeds of term borrowings are typically used in furtherance of Citigroup's funding and liquidity objectives, including funding its broker-dealer subsidiaries.
The prospectuses listed here are for SEC-registered Citigroup term debt issued since 1999. These prospectuses are mostly available in PDF format. If the prospectus is denoted by an asterisk, a direct link to the SEC filing via the EDGAR Web site is provided.
Citigroup does not assume responsibility for the accuracy of links, or broken links, and is not responsible for the security or accuracy of information contained on the SEC site.
Listed by Maturity
Citi considers the Notes listed in the table below to be TLAC-eligible debt. The Notes are listed by category, CUSIP / ISIN, maturity date, and unpaid principal balance as of June 30, 2021. As previously disclosed, in line with the Federal Reserve Board’s final total loss-absorbing capacity rule, Citigroup believes it has developed a resolution plan so that Citigroup’s shareholders and unsecured creditors—including its unsecured debt holders—bear any losses resulting from Citigroup’s bankruptcy. For additional information about the TLAC rule and its consequences for eligible debt securities, please refer to the section “Capital Resources – Total Loss Absorbing Capacity (TLAC)” and to the section “Managing Global Risk – Liquidity Risk – Resolution Plan” in Citi’s most recent Annual Report on Form 10-K. This information does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any Citi securities.
The term sheets on this page relate to outstanding transactions entered into since 1999 under Citigroup's programs for offshore issuances of its medium-term notes. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. These term sheets are available in PDF format.
Listed by Maturity
Consistent with Citigroup Inc.'s ("Citigroup") resolution plan developed pursuant to Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as well as the clean holding company provisions of the Federal Reserve's total loss-absorbing capacity rule, Citigroup has determined to substitute Citigroup Global Markets Holdings Inc. for itself as the issuer in respect of certain notes, listed in the notices to noteholders found on this page. Such notes will be guaranteed by Citigroup effective as of the time of the substitution.
Effective 2017-01-31
- Citi U.S. $10,000,000,000 Global Structured Note Programme
- Citi U.S. $30,000,000,000 Global Medium Term Note Programme
Effective 2017-06-26
- Citi U.S. $10,000,000,000 Global Structured Note Programme – Euroclear/Clearsteam
- Citi U.S. $10,000,000,000 Global Structured Note Programme – DTC
- Citi U.S. $30,000,000,000 Global Medium Term Note Programme – Euroclear/Clearsteam
- Citi U.S. $30,000,000,000 Global Medium Term Note Programme – DTC
- Citi SEC Registered – DTC