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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (9091)	6/18/2008 9:58:44 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71463

Jamie, 30Y Yields in UK are at 4.67 per bloomberg. Add 2.18% and you end up at 6.85%; could still be a collateralised issue so the picture is blurred. EDIT actually its 6.93% as priced on the coupon but who cares about 8bp. Thats about $1.5B, still a smallish issue for a bond. LONDON, June 18 (Reuters) - U.S. bank Citigroup (C.N: Quote, Profile, Research, Stock Buzz) plans to sell 800 million pounds ($1.56 billion) of bonds due in 2038 after attracting orders of 1.8 billion pounds, an official at the bank said on Wednesday. The bond is to be priced later on Wednesday to yield 218 basis points over the 4.75 percent UK gilt due 2038 <GBT4T38=>, the official said, at the tight end of initial guidance of around 220 basis points over. Citigroup is managing its own sale. The bank is rated Aa3 by Moody's Investors Service, AA- by Standard & Poor's and AA- by Fitch Ratings.