Citigroup to Sell CDO Pooling Bosnian, Tajik Microfinance Loans

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Dec 2007
London, United Kingdom, December, 17 2007 - Citigroup Inc., the biggest U.S.bank by assets, plans to sell a $165 million collateralized debt obligation backed by microfinance loans to entrepreneurs in 13 countries including Bosnia, Tajikistan, Mexico and El Salvador. The lender will also invest in the lowest-ranking, or equity, portion of the CDO along with International Finance Corp., a unit of the World Bank, and KfW Group, the German finance agency, according to Fitch Ratings.

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Source : Bloomberg
 

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