• 11 Jun 2009 at 5:35 PM

Citi Able To Sell Notes Without Safety Net

By Greg Michaels

Citi.jpgThe demand for risk must really be back. Citigroup was able to sell $1 billion in notes today without the FDIC guarantee. A nice victory for Team Vik.
Citigroup Sells $1 Billion of Notes Without U.S. Guarantee [Bloomberg]

Comments (6)

  1. 1
    Posted by guest | June 11, 2009 at 5:43 PM

    http://www.youtube.com/watch?v=crfGXmxJ1vM

  2. 2
    Posted by guest | June 11, 2009 at 6:33 PM

    What risk? Everyone knows they are backstopped by the full faith and credit of the Fed & Treasury.

  3. 3
    Posted by guest | June 11, 2009 at 6:59 PM

    There’s about 299 Million idiots out there. Not surprised.
    -TGFHouston

  4. 4
    Posted by guest | June 11, 2009 at 10:28 PM

    at what, libor+1200?

  5. 5
    Posted by guest | June 12, 2009 at 8:02 AM

    and what exactly will C buy with a 9% cost of capital in a deflationary cycle?

  6. 6
    Posted by guest | June 12, 2009 at 11:41 AM

    I saw a werewolf drinking a pina colada at Trader Vik’s
    His hair was perfect

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