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  • Citigroup Inc. (NYSE:C) Sells $3 Billion in Senior Notes - Stock Analysis For Tuesday

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    Tuesday August 3, 2010 at 09:32 am EST

    Citigroup Sells $3 billion of Senior Notes

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    Citigroup Inc. (NYSE: C) on Monday launched $3 billion of notes in a two-part sale, according to IFR, a Thomson Reuters service.  IFR is reporting that the offering includes $750 million of five-year notes in a reopening of an existing five-year issue and $2.25 billion of new 10-year notes. Both issues are expected to yield 255 basis points over comparable U.S. Treasuries.

    Senior Debt is a class of debt that has priority with respect to interest and principal over other classes of debt and over all classes of equity by the same issuer. In the event of financial difficulties or liquidation of the borrower's assets, holders of senior debt will have a priority claim.

    Citi Also Made some Changes in Senior Management in International Business. Citigroup Inc. (C) said Tuesday it hired Ian Smith as head of its electronic execution product for the Asia-Pacific region. Citigroup Inc. (NYSE:C) also named Slava Slavinskiy, its co-head of banking in Russia, as its top European energy banker, replenishing a team that has suffered a string of defections over the past two years.

    Citigroup Inc. (NYSE:C) Shares closed at $4.19 Monday Which is near resistance level of $4.21. 
    Resistance levels - $4.42 and $4.98
    Support Levels - $4.01 and #3.7.

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  1. Hot Stocks says:

    He’s on a roll today and referred to people as carbon-based traders. Elsewhere, he indicates 10 banks own 80% of the stocks. They gamed themselves into a corner. It’s the biggest black swan so far.
    The Wife had some money in the stock market. I started advising her to get out around the first of the year. She’d call her broker and he would say all is well. A week after she got out Durden goofed on her broker.

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