Treasury Announces Participation in Citigroup's Exchange Offering

by Sabrina I. Pacifici on February 27, 2009

News release: “Citigroup is planning to strengthen its capital structure through conversion of a significant portion of its preferred securities to common equity in a series of exchange offers. Citigroup requested that the Treasury participate in this exchange offer by converting a portion of its preferred security to common equity alongside the other preferred holders.”

  • Term Sheet
  • Citi to Exchange Preferred Securities for Common, Increasing Tangible Common Equity to as Much as $81 Billion
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