Bidders Worry Over CitiFinancial’s Debt

Concern over CitiFinancial’s funding as an independent business appears to be holding up the sale of Citigroup’s consumer finance unit now known as OneFinancial.

  • 17 Jun 2011
Concern over CitiFinancial’s funding as an independent business appears to be holding up the sale of Citigroup’s consumer finance unit now known as OneFinancial. Sources said the three remaining bidders for the unit are waiting for reports from credit rating agencies, especially on whether OneFinancial’s loans can be ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 69,085.90 230 10.56%
2 JPMorgan 63,371.79 193 9.69%
3 Wells Fargo Securities 50,770.30 154 7.76%
4 Bank of America Merrill Lynch 50,061.19 163 7.66%
5 Credit Suisse 45,499.96 141 6.96%