December 13, 2009
By Dimitri Kanellopoulos, BuyActive.com
NEW YORK (BuyActive) - As we said previously, Citigroup must try to come up with the money to start repaying some of the $45 billion it got from the
US government as part of the Troubled Asset Relief Program (TARP).
An agreement could come at any time since it is preferable to show some action before the end of the quarterly report.
We will all be watching closely to see how much money they can raise and how it will affect the dilution of the shares.
Although they were planning to raise $20 billion by issuing new common shares, it is probably more realistic that they will raise
closer to $10 billion.
Of course Citigroup is anxious to start a repayment plan because that would mean a lifting of "executive pay restrictions" that came along
as part of the borrowing conditions.
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