Cases & Deals

Citibank and Citigroup Global Markets serve as liquidity provider and remarketing agent in $1.5 billion VRDP Share issuance by various BlackRock closed-end municipal bond funds

Clients Citibank, N.A. and Citigroup Global Markets Inc.

Jones Day represented Citibank, N.A., as liquidity provider, and Citigroup Global Markets Inc., as remarketing agent, in connection with the US$1.5 billion issuance by various BlackRock closed-end municipal bond funds of Variable Rate Demand Preferred Shares (VRDP Shares), the proceeds of which were used to redeem existing Auction Rate Preferred Shares of the issuing funds.

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