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BullNBear52

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BullNBear52

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Re: TEX post# 51147

Sunday, 12/02/2007 9:19:06 AM

Sunday, December 02, 2007 9:19:06 AM

Post# of 575758
Nothing,

Citi is paying a high price for the capital injection by selling mandatory convertible securities to Abu Dhabi which pay a fixed coupon of 11 percent. That is above the average yield on U.S. junk bonds, which is 9.4 percent according to Merrill Lynch data.

#msg-24843339


For those who understand no explanation is needed, ...For those who don't none will.

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