Citigroup CEO sees no end soon to buyout boom--FT

NEW YORK, July 9 (Reuters) - Citigroup Inc's (C.N) Chief Executive on Monday rejected concern the recent boom in private equity buyouts fueled by low borrowing costs will end soon, the Financial Times said on its Web site.

In an interview with the newspaper, Prince said the boom will eventually end, but will continue for now because markets have plenty of liquidity, despite turmoil in the U.S. subprime mortgage market.

He denied Citigroup was pulling back, the newspaper said.

"When the music stops, in terms of liquidity, things will be complicated," he said. "But as long as the music is playing, you've got to get up and dance. We're still dancing."

Prince added: "The depth of the pools of liquidity is so much larger than it used to be that a disruptive event now needs to be much more disruptive than it used to be. At some point, the disruptive event will be so significant that, instead of liquidity filling in, the liquidity will go the other way. I don't think we're at that point."

Some investors and analysts are concerned Citigroup, JPMorgan Chase & Co. (JPM.N), Bank of America Corp. (BAC.N) and other providers of financing for leveraged buyouts might be overexposed if the market for the debt were to dry up.