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Citigroup Warrants Bring In $312.2 Million

Treasury Building
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Treasury Building

The Treasury Department says it has received $312.2 million from the sale of warrants it held in Citigroup. The sale was the government's latest effort to recoup costs from the $700 billion financial bailout.

Treasury said that one group of the warrants was sold for $1.01 per warrant and a second group of warrants brought 26 cents per warrant. Treasury had set a minimum bid of 60 cents for the first group and 15 cents for the second group.

Treasury said with the warrant sale it has realized $12.3 billion in profits from the $45 billion in support it provided Citigroup during the height of the financial crisis beginning in the fall of 2008.

Shares of Citigroup, which closed Tuesday trade at $4.82 , were slightly higher in pre-market trading.