Wednesday, 30 May 2007

Citigroup Boosts Private Sales of High-Risk Asia Securities to Hedge Funds

(Bloomberg) -- Citigroup Inc., the world's second-
biggest bond underwriter, is arranging more private offerings of
Asian high-risk, high-yield debt to meet increased demand from
hedge funds.

Companies in Asia outside Japan will, for the first time,
raise more from high-yield bonds through private placements than
public sales this year, said Jeremy Amias, head of fixed income,
currencies and commodities for the Asia-Pacific at Citigroup.


Read more at Bloomberg Bonds News

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