terça-feira, 27 de novembro de 2007

Quem diria, o Citibank a ser "ajudado" ...

... pelo Dubai [essa monarquia absoluta islâmica que é a maior fonte de crescimento do capitalismo no mundo árabe] , com um aumento de capital que dilui a posição dos actuais accionistas

"Citi to Sell $7.5 Billion of Equity Units to the Abu Dhabi Investment Authority. New York – Citi announced today that it has reached an agreement to sell Equity Units, with mandatory conversion into common shares, in a private placement to the Abu Dhabi Investment Authority (ADIA"

"In exchange for its investment, ADIA will receive convertible stock in Citigroup yielding 11% annually. The shares are required to be converted into common stock at a conversion price of between $31.83 and $37.24 a share over a period of time between March 2010 and September 2011. The investment, which came together in about a week, is expected to close within the next several days.

Citi is paying a higher interest rate than companies that borrow on the high-yield, or junk-bond, market; currently they pay roughly 9% for straight bonds. Typically, convertible bonds pay lower interest rates than straight bonds, although a particular bond's structure could affect the interest rate paid."

Nota: a cotação baixou dos 55 Usd para os 30 Usd nos últimos 6 meses.

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