Citigroup to Sell SRT Tied to $8 Billion of Corporate Loans
Citigroup Inc. is working on a significant risk transfer linked to a portfolio of about $8 billion of loans, according to people familiar with the matter.
New York-based Citigroup is offloading credit risk on the portfolio of corporate loans, said the people, who asked not to be named because the deal is private. The SRT notes will be issued out of a program known as Terra, one of the people said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
34 minutes ago
- New York Post
New Queens park to feature giant dragon
Dragons rarely appear on this page but we'll make room for this 30-footer at The Baseline, a new, more than one-acre park under the 59th Street Bridge ramps on the Queens side. The park to open next year lies between two new Long Island City apartment towers from a joint venture of Fetner Properties and Lions Group. The Bold's 164 units including 50 affordable ones are fully rented. Leasing has started at sister building The Italic, which has 363 units of which 109 are designated as affordable, just began leasing. A rendering of the 30-foot dragon that will be the focus of The Baseline, a new park in Queens. STUDIO V Design + Planning The 50-story tower has amenities including a state-of-the-art fitness center and rooftop terrace. In addition to the presumably friendly dragon, the park designed by Studio V and LVF Landscape Architects will boast children's playgrounds, a dog run, public seating, extensive plantings and public art space. It's funded by $5.5 million from the developers and a $2.4 million grant awarded by Gov. Kathy Hochul. In a break to the Midtown leasing lull since early spring, Pinterest is taking 83,000 square feet on the entire 13th floor at SL Green's 11 Madison Ave. Pinterest will leave behind 40,000 square feet at 225 Park Ave. South. The deal brings 11 Madison to 92% leased. The asking rent was $90 per square foot. 11 Madison Ave. Google Maps San Francisco-based Pinterest is a social media 'visual discovery platform' for product-scanning and ideas-sharing. It was repped by a JLL team while SL Green was repped by Newmark. Other large tenants at 2.34 million square-foot 11 Madison include UBS, SONY, Suntory and IMG.
Wall Street Journal
42 minutes ago
- Wall Street Journal
Zohran Mamdani Will Need Allies in Albany
Zohran Mamdani's win in the Democratic primary for mayor of New York has given Gotham's residents new reasons to fear the worst for their city's economy ('The People's Republic of New York City,' Review & Outlook, June 26). Among other things, the socialist assemblyman advocates big increases in the tax burden on individuals and businesses, who already pay the highest combined state and local rates in the country. The good news: Mr. Mamdani's proposed tax hikes—along with such costly goals as fare-free buses, universal childcare and $70 billion in added borrowing to finance affordable housing—couldn't be implemented without Albany's cooperation. The bad news: Much of the Democrat-dominated state Legislature broadly embraces the same left-wing economic principles of Mr. Mamdani's program.
Engadget
an hour ago
- Engadget
Trump claims a 'very wealthy' group will buy TikTok without revealing who
The unending saga between President Donald Trump and TikTok may finally get some closure. In an interview with Fox News ' Maria Bartiromo, the US president announced that there's a buyer secured for TikTok. "We have a buyer for TikTok by the way," Trump said in the interview. "I think I'll need probably China approval and I think President Xi [Jinping] will probably do it." When asked to identify the buyer, Trump only cryptically revealed that it was a "group of very wealthy people," which would be announced in "about two weeks." Your Yahoo privacy setting is blocking social media and third-party content You can Allow your personal information to be shared and sold. Something went wrong. Try again. You can update your choice anytime by going to your privacy controls, which are linked to throughout our sites and apps. This page will now refresh. The uncertain fate of TikTok began when Trump signed an executive order to extend a deadline to ban the app from US-based app stores. The initial extension came shortly after Trump took office for his second term in January and was later pushed back another 75 days to April. The decision was delayed once again in June, but for an extra 90 days instead, for a new mid-September deadline. As the future of TikTok remains in a state of uncertainty, Trump said the extensions were "no big deal" during the interview with Fox News . More than 170 million active US users are awaiting a final decision on TikTok, which is developed by the Beijing-based ByteDance that's facing pressure to either sell its app or have it banned due to data privacy and "national security" concerns.
