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01.07.26 - 22:21
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Citibank Announces $1.5 Billion Redemption of 4.929% 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 $1,500,000,000 of its 4.929% Notes due 2026 (the “fixed rate notes”) (ISIN: US17325FBJ66) 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: US17325FBH01).
The redemption date for the notes is July 6, 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 b...
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29.06.26 - 14:30
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Who is Puneet Sharma, the Axis Bank CFO who has resigned? (Times of India)
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Axis Bank's Chief Financial Officer, Puneet Sharma, has resigned, stepping down on Sunday, June 28, but will continue until August 31. Sharma, who joined in March 2020, oversaw finance, legal, and investor relations, during which the bank's stock nearly doubled. He is leaving to pursue new professional opportunities. Sharma brings over two decades of finance experience from previous roles at Tata Capital and Citibank....
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24.06.26 - 14:09
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Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing (ZeroHedge)
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Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing
About two days after a Chosun media report from South Korea sparked a global sell-off in memory stocks and triggered a 10% crash in the Kospi, a new report states that memory giant SK Hynix is planning a massive $29.4 billion US listing. This move will test investor appetite for another mega AI-linked offering and demonstrate whether markets can absorb another massive listing weeks after the SpaceX IPO.
Bloomberg reports the offering would be the largest U.S. listing by a Korean firm and the biggest ever via American Depositary Receipts, easily exceeding Alibaba's $25 billion 2014 debut.
The offering is being led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan. SK Hynix is at the center of the AI infrastructure buildout, serving as one of the top suppliers of high-bandwidth memory chips used in AI chip stacks at data centers.
The listing gives SK Hynix access to a much broader and more liquid US investor base, which...
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23.06.26 - 13:30
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South Africa: The Music Is Still Playing. but for How Long? (AllAfrica)
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[Daily Maverick] In July 2007, just months before the global financial crisis broke, Citigroup CEO Chuck Prince gave one of the most revealing quotes in modern financial history. "As long as the music is playing," he told the Financial Times, "you've got to get up and dance. We're still dancing."...
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23.06.26 - 03:39
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ORIX Submits Form 20-F for Filing for the Fiscal Year Ended March 31, 2026 (Business Wire)
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TOKYO--(BUSINESS WIRE)--ORIX Corporation (TOKYO: 8591; NYSE: IX; ISIN:JP3200450009) has submitted its annual Form 20-F for the fiscal year ended March 31, 2026 to the U.S. Securities and Exchange Commission on June 22, 2026. Please find online versions of the file available for download, as well as a link to the SEC EDGAR format, on ORIX's website at: https://www.orix.co.jp/grp/en/ir/library/20f/index.html
Holders of our American Depositary Receipts may request a hard copy of our complete audited financial statements (Form 20-F) free of charge. Please forward your request to the website of our depositary bank, Citibank, N.A. at: https://fs11.formsite.com/bHTsOU/r2piq0mgvd/index
About ORIX Group:
ORIX Group (ORIX Corporation TOKYO: 8591; NYSE: IX) was established in 1964 and has grown from its roots in leasing in Japan to become a global, diverse, and unique corporate group. Today, it is active around the world in financing and investment, life insurance, banking, asset management, real estate, concession...
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