NEW YORK, Jan. 24 -- Citi, a banking partner for institutions with cross-border needs and wealth management and a personal bank, issued the following news release:

* * *

Citigroup Announces $2.5 Billion Redemption of 1.122% Fixed Rate / Floating Rate Notes Due 2027

Citigroup Inc. is announcing the redemption, in whole, constituting $2,500,000,000 of its 1.122% Fixed Rate / Floating Rate Notes due 2027 (the "notes") (ISIN: US17327CAM55).