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GC Asia
Citi takes another swing at cutting long term debt with $1bn buyback
Citi is making further progress in reducing its long term debt — already cut by $14bn this year — with a jumbo cash tender offer.
The US bank is offering to buy back almost $1bn of senior unsecured paper out of a pool of close to $22bn of notes denominated in euros and dollars.
The offer reflects Citi’s “continued robust liquidity position”, the bank said. Already this year Citi has cut $13.9bn of ...Already a subscriber? Login
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