On October 3 2025, Citizens Financial Group, Inc. announced that it will redeem all of its outstanding 4.300% Fixed‑Rate Subordinated Notes due December 3 2025 (CUSIP 174610AK1). The redemption will be executed on November 3 2025, with the company paying 100 % of the principal amount plus any accrued and unpaid interest up to, but excluding, the redemption date.
The move reduces Citizens’ long‑term debt obligations and improves its capital profile. With $218.3 billion in assets as of June 30 2025, the company is positioned to use the freed‑up capital for balance‑sheet optimization, share repurchases, or other strategic initiatives. The redemption also signals confidence in the company’s ability to service its debt at favorable terms.
Payment of the redemption price will be made through the facilities of The Depository Trust Company. The announcement includes standard forward‑looking statements regarding the potential impact of the redemption on the company’s financial condition and future performance, but the key facts—date, amount, and mechanism—are clear and material.
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