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- A Greek Deal, but What Is the Deal?
- No Greek Debt Deal? No Problem! (Maybe)
- Irish Finance Minister Causes Draghi's Worst Nightmare
- Caesars' Wild Open
- Forget the Incredible Shrinking Greek Politicians—It’s Draghi Time!
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Citi All Set To Price
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CNBC Reporter
Talk is that Citi [C
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] will now price its secondary at $3.15, but without government involvement.
AS PLANNED, traders tell me they will issue $20.5 billion of new equity capital and debt securities: $17 billion of common stock (with an overallotment option of $2.55 billion), and $3.5 billion of "tangible equity units" ($2.8 billion to be recorded as equity).
What will NOT HAPPEN: the government will NOT sell $5 billion of its roughly $25 billion in common. That’s likely because the price was below the $3.25 the government got its shares for
The good news: to get rid of the overhang on the stock the government is extending its lockup period from 45 to 90 days, meaning that the government will not dump stock on the market for 90 days.
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- S&P 500 Down — But Not By Much
- EU Finance Ministers Won't Get Fooled Again
- Why Is Market So 'Tired' With Good News?
- What Exactly Have Greeks Agreed To?
- A Greek Deal, but What Is the Deal?
- No Greek Debt Deal? No Problem! (Maybe)
- Irish Finance Minister Causes Draghi's Worst Nightmare
- Caesars' Wild Open
- Forget the Incredible Shrinking Greek Politicians—It’s Draghi Time!
- Trading Day Has Lots of Moving Parts
Data is a real-time snapshot *Data is delayed at least 15 minutes
