
Citigroup offering $2.35b in cash-settled exchangeable bonds to AIA Group
The bonds are due on 26 February 2026.
Citigroup Global Markets Holdings announced that it is offering $2.35b in cash-settled exchangeable bonds that are due in 2026.
In a statement, Citigroup said the bonds are referable to AIA Group Limited shares.
The bonds do not have an interest rate and will be redeemed on 26 February 2026.
The exchange price will be set at a 23.5% premium over the reference share price on 10th February 2023.