Citigroup stock: Capital reset meets China expansion drive

Published on 11/14/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citigroup stock enters a week of capital and China-market developments. Citi is retiring Series Y preferred stock and expanding its onshore securities business.

Capital and China Take Center Stage

Citigroup announced the full redemption of its 4.150% Series Y preferred stock for USD 1.0 billion.
The bank hosted its annual China conference in Shanghai and Shenzhen from November 10 to November 13.
Citi is expanding its onshore China securities platform after regulatory approval.

Citigroup Inc., US1729674242, Illustration mit AI erstellt.

Citigroup spent the week of November 9 to November 13 balancing a capital-structure decision with a renewed focus on China. On November 9, the bank announced the full redemption of its Series Y preferred stock, while its annual China conference ran from November 10 through November 13.

Citi retires Series Y preferred stock

Citigroup said on November 9 that it would redeem all USD 1.0 billion of its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y. The redemption date is November 15, and the cash payment is scheduled for November 16 at USD 1,000 for each depositary share. Holders of record on November 6 are also due a regular quarterly dividend of USD 10.375 per depositary share.

The bank said the decision reflects efforts to improve the efficiency of its funding and capital structure. Dividends on the preferred stock will stop accruing on the redemption date, and the depositary shares will no longer be outstanding after the payment date. The terms come from Citigroup's press release.

China platform moves into focus

Citi held its 21st Annual Citi China Conference in Shanghai and Shenzhen from November 10 to November 13. The event brought together institutional investors, policymakers and corporate leaders to discuss China's economy, capital markets access and cross-border opportunities.

The conference followed approval from the China Securities Regulatory Commission for Citigroup Securities (China) Company Limited. Citi said the wholly owned securities company will offer onshore equities brokerage, securities underwriting, securities research and principal trading services. Chair and CEO Jane Fraser was scheduled to open the Shanghai leg of the event, according to Citi.

Citigroup stock traded at 112.13 euros on Lang & Schwarz at 11:03 CET on Saturday, November 14.