Citigroup

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The Grexit age is over as Grimbo takes over

Citigroup economist Ebrahim Rahbari was the one who came up with the term Grexit back in February 2012. Back then, they felt that there would be a 50% risk for Greece's exit from the Eurozone over the coming 18 months and 90% until 2014. The use of the term rocketed in 2015, with the addition of more terms such as Grexident and Grexodus.

Bulgaria Places EUR 3.1 B Triple-Tranche Bond

Bulgaria has sold a EUR 3.1 B triple-tranche bond comprising of seven-, 12- and 20-year maturities on foreign markets, the Finance Ministry said on Friday.

The volume is the biggest amount of debt issued by a country in the region of Central and Eastern Europe, the Middle East and Africa (CEEMEA) through a single syndicate of banks, the Finance Ministry said in a statement.

Bulgaria Marketing 7-, 12- and 20-year Euro Bonds

Bulgaria is marketing euro bonds in three lots maturing respectively in seven, 12 and 20 years, Reuters reported on Thursday.

"The seven-year bond is being offered to investors at mid-swaps plus 195bp area, the 12-year tranche at mid-swaps plus 225bp area while the longest tranche is being offered to investors at mid-swaps plus 260bp area," the newswire said.

Citigroup sells stake in Turkey's Akbank for $1.2 bln

Citigroup has sold its nearly 10 percent stake in Turkey?s Akbank for $1.2 billion, the U.S. lender said on March 5, its latest disposal of overseas assets to cut costs and boost profits.

New York-based Citi has been paring back in international markets in recent years, pulling out of retail banking inTurkey as well as long-established businesses such as Japan.

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