Citibank 2015 Annual Report Download - page 234

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Aggregate annual maturities of long-term debt obligations (based on final maturity dates) including trust preferred securities are as follows:
In millions of dollars 2016 2017 2018 2019 2020 Thereafter Total
Bank $24,577 $14,614 $ 9,341 $ 2,280 $ 448 $ 3,871 $ 55,131
Broker-dealer 951 294 806 640 103 1,193 3,987
Citigroup Inc. 18,009 19,437 21,269 16,233 8,826 58,383 142,157
Total $43,537 $34,345 $31,416 $19,153 $ 9,377 $63,447 $201,275
The following table summarizes the Company’s outstanding trust preferred securities at December 31, 2015:
Junior subordinated debentures owned by trust
Trust
Issuance
date
Securities
issued
Liquidation
value (1)
Coupon
rate (2)
Common
shares
issued
to parent Amount Maturity
Redeemable
by issuer
beginning
In millions of dollars, except share amounts
Citigroup Capital III Dec. 1996 194,053 $ 194 7.625% 6,003 $ 200 Dec. 1, 2036 Not redeemable
Citigroup Capital XIII Sept. 2010 89,840,000 2,246 7.875 1,000 2,246 Oct. 30, 2040 Oct. 30, 2015
Citigroup Capital XVIII June 2007 99,901 148 6.829 50 148 June 28, 2067 June 28, 2017
Total obligated $ 2,588 $2,594
Note: Distributions on the trust preferred securities and interest on the subordinated debentures are payable semiannually for Citigroup Capital III and Citigroup Capital XVIII and quarterly for Citigroup Capital XIII.
(1) Represents the notional value received by investors from the trusts at the time of issuance.
(2) In each case, the coupon rate on the subordinated debentures is the same as that on the trust preferred securities.