ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

Fraser Sullivan Prices $460 Million CLO - Source

By Katy Burne Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- WCAS Fraser Sullivan Investment Management LLC priced a roughly $460 million collateralized loan obligation Wednesday via Citigroup Inc. (C), according to people close to the matter. The CLO--a bundle of loans--refinances a $525 million existing CLO arranged in 2010, also through Citigroup. Tranches of the old deal will be paid off with the new money raised, said a person familiar with the deal. The deal follows CLO issuance topping $6 billion in the first quarter of this year, the busiest start to any year since the financial crisis. A call to John Fraser, founder of Fraser Sullivan, was not immediately returned. The deal for Fraser Sullivan priced on the same day as a separate $516.1 million CLO, for Oak Hill Advisors, was marketed by Morgan Stanley (MS). That deal is expected to be priced the week of April 23, according to a term sheet circulated to investors. Loans are becoming a more popular asset class as investors look to hedge interest-rate risk using floating-rate assets that still provide them better returns than elsewhere in fixed-income. In that sense, investors can get more diversification and more income. One proxy for loan-market performance, the Markit iBoxx USD Liquid Leveraged Loan Index, has seen returns drop 0.26% since the beginning of April, according to Markit, compared to a loss of 0.84% since the start of the month for high yield or "junk" bonds per the iBoxx USD Liquid High Yield Index. When markets sold off dramatically earlier this week, the loans index dropped 0.19% through Tuesday night compared to a decline of 0.69% this week for junk bonds. -By Katy Burne, Dow Jones Newswires; 212-416-3084; katy.burne@dowjones.com

Stock News for Citigroup (C)
DateTimeHeadline
09/23/201613:15:00Citi Sells Reinsurance Block to Munich Re
09/23/201612:43:12Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/23/201606:02:55Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/22/201618:30:00Wells Fargo CEO Steps Down From Federal Reserve Advisory Council
09/22/201607:40:00Itau in Talks to Buy Citigroup Brazil Unit
09/22/201607:29:00Itau in Talks to Buy Citigroup's Brazil Consumer-Banking Arm
09/21/201616:55:59Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/21/201616:35:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/21/201616:27:25Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/21/201613:00:00Citi Private Bank Continues to Build out Latin American Team
09/20/201619:30:00Record Companies' U.S. Revenue Up 8.1% in First Half of 2016
09/20/201611:43:15Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/20/201610:34:24Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/20/201606:02:28Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/20/201602:00:00Pipeline Break Lights a Fire Under Gasoline Prices Across Southeast
09/19/201617:14:47Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/19/201616:54:19Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/19/201613:25:54Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/16/201613:32:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
09/15/201618:10:00Deutsche Bank Is Asked to Pay $14 Billion to Resolve U.S. Probe

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad