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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Citigroup Inc | NYSE:C | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.81 | 1.31% | 62.60 | 63.225 | 61.51 | 61.57 | 16,358,992 | 00:56:18 |
From Apr 2019 to Apr 2024
By Michael Dabaie
Citigroup Inc. (C) said Monday it issued and traded its first structured green bond, distributed by UBS Global Wealth Management.
Citi said the proceeds will fund green projects in renewable energy, energy efficiency, sustainable transportation, water quality and conservation, and green buildings as defined in Citi's Green Bond Framework.
Citi said the five-year bond provides exposure to 3-month USD LIBOR with a floor, payable quarterly.
"The bond is a floored floating rate note, and is structured to combine the benefits of a tailored approach towards risk-return with sustainability criteria," said Bhaavit Agrawal, global head of rates structured notes at Citi.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 25, 2019 14:28 ET (18:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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