Citi is paying a high price for the capital injection - Daher weht der Wind

verfasst von Vatapitta, 27.11.2007, 21:51

-->"Citi is paying a high price for the capital injection by selling mandatory convertible securities to Abu Dhabi which pay a fixed coupon of 11 percent. That is above the average yield on U.S. junk bonds, which is 9.4 percent according to Merrill Lynch data.

Analysts at Royal Bank of Scotland said in a note that Citigroup was paying a"high price," but that the convertible notes would help boost the bank's core capital.

The sale to the $650 billion Abu Dhabi Investment Authority, the world's largest sovereign wealth fund, may also signal the freefall in U.S financial stocks is close to ending, analysts said."

Gruss
Vatapitta
<ul> ~ http://www.msnbc.msn.com/id/21984071/</ul>

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gesamter Thread:

• @DT - 7,5 Mrd. $ schon wieder verdampft? - Vatapitta, 27.11.2007, 21:35
  • Citi is paying a high price for the capital injection - Daher weht der Wind - Vatapitta, 27.11.2007, 21:51
    • Mögliche Gründe (mT) - DT, 27.11.2007, 22:48
      • Re: Mögliche Gründe - Danke (o.Text) - Vatapitta, 28.11.2007, 01:21
    • JA...zu Junk-Junk-Bond Preisen...zeigt wo C. derzeit steckt... (o.Text) - SUCRAM, 28.11.2007, 10:24