Citibank 2008 Annual Report Download - page 177

The following table summarizes the financial structure of each of the Company’s subsidiary trusts at December 31, 2008:
Trust securities
with distributions
guaranteed by
Citigroup
Issuance
date
Securities
issued
Liquidation
value
Coupon
rate
Common
shares
issued
to parent
Junior subordinated debentures owned by trust
Amount (1) Maturity
Redeemable
by issuer
beginning
In millions of dollars, except share amounts
Citigroup Capital III Dec. 1996 200,000 $ 200 7.625% 6,186 $ 206 Dec. 1, 2036 Not redeemable
Citigroup Capital VII July 2001 46,000,000 1,150 7.125% 1,422,681 1,186 July 31, 2031 July 31, 2006
Citigroup Capital VIII Sept. 2001 56,000,000 1,400 6.950% 1,731,959 1,443 Sept. 15, 2031 Sept. 17, 2006
Citigroup Capital IX Feb. 2003 44,000,000 1,100 6.000% 1,360,825 1,134 Feb. 14, 2033 Feb. 13, 2008
Citigroup Capital X Sept. 2003 20,000,000 500 6.100% 618,557 515 Sept. 30, 2033 Sept. 30, 2008
Citigroup Capital XI Sept. 2004 24,000,000 600 6.000% 742,269 619 Sept. 27, 2034 Sept. 27, 2009
Citigroup Capital XIV June 2006 22,600,000 565 6.875% 40,000 566 June 30, 2066 June 30, 2011
Citigroup Capital XV Sept. 2006 47,400,000 1,185 6.500% 40,000 1,186 Sept. 15, 2066 Sept. 15, 2011
Citigroup Capital XVI Nov. 2006 64,000,000 1,600 6.450% 20,000 1,601 Dec. 31, 2066 Dec. 31, 2011
Citigroup Capital XVII Mar. 2007 44,000,000 1,100 6.350% 20,000 1,101 Mar. 15, 2067 Mar. 15, 2012
Citigroup Capital XVIII June 2007 500,000 731 6.829% 50 731 June 28, 2067 June 28, 2017
Citigroup Capital XIX Aug. 2007 49,000,000 1,225 7.250% 20 1,226 Aug. 15, 2067 Aug. 15, 2012
Citigroup Capital XX Nov. 2007 31,500,000 788 7.875% 20,000 788 Dec. 15, 2067 Dec. 15, 2012
Citigroup Capital XXI Dec. 2007 3,500,000 3,500 8.300% 500 3,501 Dec. 21, 2077 Dec. 21, 2037
Citigroup Capital XXIX Nov. 2007 1,875,000 1,875 6.320% 10 1,875 Mar. 15, 2041 Mar. 15, 2013
Citigroup Capital XXX Nov. 2007 1,875,000 1,875 6.455% 10 1,875 Sept. 15, 2041 Sept. 15, 2013
Citigroup Capital XXXI Nov. 2007 1,875,000 1,875 6.700% 10 1,875 Mar. 15, 2042 Mar. 15, 2014
Citigroup Capital XXXII Nov. 2007 1,875,000 1,875 6.935% 10 1,875 Sept. 15, 2042 Sept. 15, 2014
Adam Capital Trust III Dec. 2002 17,500 18
3 mo. LIB
+335 bp. 542 18 Jan. 7, 2033 Jan. 7, 2008
Adam Statutory Trust III Dec. 2002 25,000 25
3 mo. LIB
+325 bp. 774 26 Dec. 26, 2032 Dec. 26, 2007
Adam Statutory Trust IV Sept. 2003 40,000 40
3 mo. LIB
+295 bp. 1,238 41 Sept. 17, 2033 Sept. 17, 2008
Adam Statutory Trust V Mar. 2004 35,000 35
3 mo. LIB
+279 bp. 1,083 36 Mar. 17, 2034 Mar. 17, 2009
Total obligated $23,262 $23,424
(1) Represents the proceeds received from the Trust at the date of issuance.
In each case, the coupon rate on the debentures is the same as that on
the trust securities. Distributions on the trust securities and interest on the
debentures are payable quarterly, except for Citigroup Capital III, Citigroup
Capital XVIII and Citigroup Capital XXI on which distributions are payable
semiannually.
During 2008, Citigroup did not issue any Enhanced Trust Preferred
Securities.
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