Citigroup files shelf for Targets

By Ted A. Knutson

Washington, March 13 - Citigroup Inc. filed a shelf for 10 Targets trusts for an unspecified dollar amount in an S3-ASR registration with the Securities and Exchange Commission. The shelf includes $500 million in previously registered but unsold securities.

The shelf includes forwarding contracts and Targeted Growth Enhanced Terms Securities. Securities may be issued in the form of convertibles.

The New York-based financial services company said proceeds would be used for general corporate purposes.

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