Citigroup (C) to Redeem $2.5 Billion Notes, Explores Stablecoin Custody Services

Citigroup Inc. (NYSE:C) ranks among the best diversified bank stocks to invest in right now. On August 22, Citigroup Inc. (NYSE:C) stated that it is looking to redeem $2.5 billion in notes due in 2025 as part of its liability management strategy. This redemption will include $1.75 billion in fixed-rate notes and $750 million in floating-rate notes, featuring a redemption price set at par along with accrued interest.

Pixabay/Public Domain

The company’s financial health was also confirmed by Fitch Ratings, which has maintained Citigroup’s long-term issuer default rating at “A” with a stable outlook.

In a separate vein, the bank is investigating stablecoin custody services as part of its cryptocurrency expansion, joining other significant financial institutions in this attempt. This comes after Washington lawmakers recently passed legislation that makes stablecoins easier to utilize for a range of financial services.

Citigroup Inc. (NYSE:C) provides a wide range of financial services to individuals, organizations, and governments. The bank operates through its Services, Markets, Banking, US Personal Banking, and Wealth sectors.

While we acknowledge the potential of C to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than C and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.