Citi slides after big discount on $17bn share sale
Citi was forced to give its chunky $17bn capital increase on Wednesday a deep discount of 20% in order to place the full amount of the issue which it is using to repay its troubled asset relief programme (Tarp) support.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts