02:33 PM EDT, 03/27/2024 (MT Newswires) -- Citigroup ( C ) offered guaranteed cash-settled exchangeable bonds due April 2029 referable to LVMH Moet Hennessy Louis Vuitton ordinary shares with aggregate principal amount between 375 million euros ($405.8 million) and 400 million euros.

The bonds will be issued by Citigroup Global Markets Holdings in principal amount multiples of 100,000 euros denominations, the company said Wednesday.

Citigroup ( C ) expects to issue the bonds between 102.7% to 103.7% of their principal amount and redeem at par on April 9, 2029.

The company said it plans to use the proceeds for general corporate purposes.

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