LPC-Banks sell out of Steinhoff, as hedge funds snap up paper [Reuters]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
Check Earnings Report
US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
Company Research
Source: Reuters
LPC-Banks sell out of Steinhoff, as hedge funds snap up paper | Reuters 4 Min Read LONDON, Feb 8 (Reuters) - Banks are selling out of their exposure in troubled South African retailer Steinhoff with Natixis being the latest bank to sell out completely, and hedge funds are proving to be willing buyers of the paper, banking sources said. Natixis sold out of its approximate US$110m-equivalent exposure in Steinhoff, which is fighting for survival after discovering accounting irregularities in December that triggered an 85% share price slide in the group and a raft of changes in its boardroom and leadership. The Natixis loans were sold in an auction process in Europe’s secondary loan market and fetched good levels. The sale has prompted other banks to sell out of their positions, the sources said. The Natixis loans were spread across several tranches including US$35.7m of TLB1; US$35.7m of TLB2; and US$35.7m of TLB3, denominated in a mix of euros, sterling and dollars and these sold in the
Show less
Read more
Impact Snapshot
Event Time:
C
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
C alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
C alerts
High impacting Citigroup, Inc. news events
Weekly update
A roundup of the hottest topics
C
News
- Wall Street 'Partner' Like KFC's Colonel, Centerview Judge Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Brazil's Eletrobras Gets Bondholders' OK to Sell Cteep Stake [BNN Bloomberg (Canada)]BNN Bloomberg
- Lufax Announces Annual General Meeting on May 30, 2024 and Filing of Its Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- Abu Dhabi Returns to Eurobond Markets as Lower Rates Grow Remote [Yahoo! Finance]Yahoo! Finance
- Citi Strategists Say Buy Dips in Global Stocks on Solid Earnings [Yahoo! Finance]Yahoo! Finance
C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 4/23/24 - Form 424B2
- 4/23/24 - Form 424B2
- 4/23/24 - Form 424B2
- C's page on the SEC website