Citigroup announces issue of preferreds to be priced at par of $25

By Andrea Heisinger

Omaha, Nov. 15 - Citigroup Capital XX announced Thursday it plans to sell enhanced trust preferred securities that will price at par of $25.

The issue could price Friday or not until the Nov. 19 week, said an informed source, who called it a "several day trade."

Citigroup is the bookrunner.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.