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Citi Raises $5bn in Bailout Bonds

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IS THIS WHAT HEALTHY BANKS DO?
"Citigroup raised $5bn in government-guaranteed bonds on Tuesday under a emergency facility that is set to expire in six weeks and has been abandoned by most of its rivals as market conditions improved," the Financial Times reported. "Citi has issued more than $15bn in non-guaranteed debt – the biggest issuer of this kind of debt among users of the FDIC program – according to Dealogic. But that is less than a third of the $49.6bn Citi has raised in FDIC-guaranteed debt since the facility was created last November."
SOURCE:   Financial Times

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