• Most Popular
  • Most Shared

Investment Outlook Summit

Photo

Reuters talks to portfolio managers and strategists to find what's on the horizon. Learn how to position your portfolio in the year ahead.   Full Coverage 

Citigroup bonds gain on capital injection

NEW YORK
Tue Nov 27, 2007 8:54am EST

Stocks

   

NEW YORK (Reuters) - Bonds of Citigroup Inc (C.N) gained after the largest U.S. bank said it is selling up to 4.9 percent of itself for $7.5 billion to the Gulf Arab emirate of Abu Dhabi.

The spread for Citigroup's 6.125 percent notes due in 2017 narrowed by 20 basis points on Tuesday to 185 basis points over U.S. Treasuries, according to MarketAxess data.

(Reporting by Walden Siew)


More from Reuters

A male polar bear cannabalizes a polar bear cub in an area about 300km (186 miles) north of the Canadian town of Churchill November 20, 2009. Credit: REUTERS/Iain D. Williams

Polar bear turns cannibal

As the world focuses on climate change in Copenhagen, the animal that has come to represent global warming is turning cannibalistic as the Arctic ice melts their hunting grounds, a U.S.-led global scientific study said.  Slideshow | Full Article 

    Climate Conference
    Emmanuel Roy, a suspect in a mortgage-fraud scheme is escorted by FBI agents after being taken into custody in New York, October 15, 2009. REUTERS/Brendan McDermid

    Sowing seeds of corruption

    Corruption, whether it's crooked officials, financial fraudsters or philandering sports stars, is the country's No. 1 criminal threat, says the FBI.  Full Article 

    Corporate Crime
    Space shuttle Atlantis lifts off from launch pad 39A at the Kennedy Space Center in Cape Canaveral, Florida November 16, 2009. Atlantis lifted off its seaside launch pad on Monday, loaded with spare parts to keep the International Space Station flying after the shuttles are retired next year. REUTERS/Scott Audette

    Can Florida re-launch itself?

    The sunshine state's space program is a boon for local businesses, especially when a shuttle takes off. But what happens when the 29-year old program comes to a close next year?  Full Article 

    U.S.