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Investments / The Ticker

Treasury touts Citi payback as TARP success

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The U.S. Department of the Treasury announced successful pricing of () (C) subordinated notes.

The expected proceeds from this offering will be $894 million, providing an additional profit for taxpayers on Treasury’s TARP investment in ()

()

Including the expected proceeds from today’s transaction, Treasury received more than $58.4 billion in repayments and other income on its TARP investment of $45 billion in Citigroup – representing an overall positive return for taxpayers of more than $13.4 billion.

()

Source: Treasury
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