7.3 billion - Citigroup

The table below details the long-term debt issuances and maturities of Citigroup during the first quarter of 2012 and prior two years:1Q 2012 2011 2010In billions of dollars Maturities Issuances Maturities Issuances Maturities IssuancesStructural long-term debt (1) $15.1 $7.0 $47.3 $15.1 $41.2 $18.9Local country level, FHLB and other (2) 1.9 0.7 25.7 15.2 20.5 10.2Secured debt and securitizations 6.2 — 16.1 0.7 14.2 4.7Total $23.2 $7.7 $89.1 $31.0 $75.9 $33.8(1) Citi defines structural long-term debt as its long-term debt (original maturities of one year or more), excluding certain structured notes, such as equity-linked andcredit-linked notes, with early redemption features effective within one year. Issuances and maturities of these notes are included in this table in ―Local countrylevel, FHLB and other.‖ See note 2 below. Structural long-term debt is a non-GAAP measure. Citigroup believes that the structural long-term debt measureprovides useful information to its investors as it excludes long-term debt that could in fact be redeemed by the holders thereof within one year.(2) ―Other‖ includes long-term debt not considered structural long-term debt relating to certain structured notes, such as equity-linked and credit-linked notes, withearly redemption features effective within one year. The amounts of issuances and maturities included in this line, and thus excluded from ―structural long-termdebt,‖ were $0.3 billion, $3.4 billion and $2.4 billion, and $0.6 billion, $3.3 billion and $1.8 billion, in the first quarter 2012, 2011 and 2010, respectively.The table below shows Citi‘s aggregate expected annual long-term debt maturities as of March 31, 2012:Expected Long-Term Debt Maturities as of March 31, 2012In billions of dollars 2012 (1) 2013 2014 2015 2016 Thereafter TotalSenior/subordinated debt (2) $64.9 $26.9 $26.9 $19.1 $12.6 $85.4 $235.8Trust preferred securities — — — — — 16.0 16.0Securitized debt and securitizations 20.3 6.3 7.7 5.3 2.8 8.5 50.9Local country and FHLB borrowings 9.0 10.3 4.1 1.1 4.1 2.9 31.5Total long-term debt $94.2 $43.5 $38.7 $25.5 $19.5 $112.8 $334.2(1) Includes $23.2 billion of first quarter of 2012 maturities (including $3.5 billion related to TLGP).(2) ―Senior/subordinated debt‖ includes certain structured notes, such as equity-linked and credit-linked notes, with early redemption features effective within oneyear. The amount of such notes included, and the period of contractual maturity, is as follows: $0.4 billion maturing in 2012; $0.8 billion in 2013; $0.6 billion in2014; $0.5 billion in 2015; $0.4 billion in 2016; and $1.4 billion thereafter.As set forth in the table above, Citi‘s senior andsubordinated long-term debt maturities peak during 2012 at$64.9 billion, of which $38.0 billion is TLGP that Citi doesnot expect to refinance.38CITIGROUP – 2012 FIRST QUARTER 10-Q