May 1, 2008
Citigroup increases its capital by 4.5 billion dollars
Citigroup announced that he had issued 4.5 billion new shares, or 50% more than the amount originally planned a capital increase at a discount.
This transaction brings to more than $ 40 billion capital costs waived by the first U.S. bank since the beginning of the financial crisis.
Citigroup has announced nearly 15 billion net loss on the last two quarters closed.
The show closed door Wednesday in a total of 178.1 million shares issued at a price of 25.27 dollars, representing a discount of 4% over the closing price on Tuesday (26.32).
The group added that it could issue 17.8 million additional shares to meet demand, bringing the amount raised to 4.95 billion dollars.
by erectusplus at 7:25 PM |
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