Citigroup Inc. announced that it is planning to redeem, in whole, EUR 663.077 million worth of its 3.625% fixed /floating rate callable subordinated notes due November 2017. The redemption date for the notes is February 28, 2017. The cash redemption price payable for the notes on the redemption date will equal par plus EUR 1,584,754.03 in accrued and unpaid interest. Citibank, N.A. and Dexia Banque Internationale a Luxembourg, societe anonyme serve as the paying agents for the notes. The redemption is in accordance with Citigroup's liability management strategy, and to improve the efficiency of its funding and capital structure. Since 2014, Citigroup has redeemed or retired USD 36.8 billion of its securities, reducing Citigroup's overall funding costs.