Citi Closes $72 Million Principal-Protected Note Offering

Bitget2026/10/20 12:13

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Citi closes $72 million, 3.5-year principal-protected Carbon Removal-Linked Note to support Applied Carbon's Texas biochar project.
Investors forgo traditional coupon payments, directing an upfront amount to project financing; payments are linked to carbon credit issuance and delivery.
Microsoft signed a 2022 offtake agreement for a portion of the project's carbon credits, providing long-term demand support.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Citigroup Inc. published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Citi Closes $72 Million Principal-Protected Note Offering

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