Citigroup to sell more than $1B in Venezuelan gold in blow to Maduro regime, reports say [FOX News]
Citigroup, Inc. (C)
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Source: FOX News
Citigroup to sell more than $1B in Venezuelan gold in blow to Maduro regime, reports say close Video President Nicolas Maduro blames US, Juan Guaido for Venezuela power outage Citigroup Inc. Venezuelan Maduro regime Venezuela was due to repay $1.1 billion of the loan March 11, according to the terms of the 2015 deal with Citigroup’s Citibank, four sources familiar with the matter told Reuters. The remainder of the loan is due next year. US REVOKES VISAS OF 49 MADURO-ALIGNED OFFICIALS IN VENEZUELA Citibank now plans to sell the gold, valued at roughly $1.358 billion, to recover the first tranche of the loan, two of the sources told the outlet The development marks another financial blow to President Nicolas Maduro’s regime. Not only won’t it be able to access the cash in the account, but it could see it handed over to the transitional government being formed by opposition leader Juan Guaido, Bloomberg GUAIDO SUPPORTERS IN VENEZUELA 'TOOK CONTROL' OF DIPLOMATIC BUILDINGS, US SAYS The s
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C
Earnings
- 4/12/24 - Beat
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Sec Filings
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- C's page on the SEC website