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25.03.26 - 21:18
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Citibank Announces $2 Billion Redemption of 5.438% Notes Due 2026 and $1 Billion Redemption of Floating Rate Notes Due 2026 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Citibank, N.A. is announcing the redemption, in whole, constituting $2,000,000,000 of its 5.438% Notes due 2026 (the “fixed rate notes”) (ISIN: US17325FBF45) and $1,000,000,000 of its Floating Rate Notes due 2026 (the “floating rate notes” and together with the fixed rate notes, the “notes”) (ISIN: US17325FBE79).
The redemption date for the notes is March 30, 2026 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest to, but excluding, the redemption date.
The redemptions announced today are consistent with Citibank's liability management strategy and reflect its ongoing efforts to enhance the efficiency of its funding and capital structure. Citibank will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citibank's net interest margin and...
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17.03.26 - 20:39
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California State Senate Confirms Andy Nakahata as Executive Director/CEO of IBank (Business Wire)
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Veteran public finance leader to advance infrastructure investment and economic development statewideSACRAMENTO, Calif.--(BUSINESS WIRE)--The California State Senate has confirmed Andy Nakahata as Executive Director and CEO of the California Infrastructure and Economic Development Bank (IBank), the state's primary infrastructure financing authority within the Governor's Office of Business and Economic Development (GO-Biz).
Governor Newsom appointed Nakahata in September 2025, succeeding former Executive Director Scott Wu. The Senate confirmed Nakahata's appointment on March 12, 2026.
Prior to his appointment as Executive Director, he served as IBank's Chief Deputy Director and COO beginning in March 2025, and he has more than three decades of experience in public finance, investment banking, and infrastructure development.
Nakahata previously held senior roles at firms including Goldman Sachs, J.P. Morgan, Citigroup, and UBS Securities, where he advised public agencies and governments on infrastructur...
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