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Tuesday 06 October 2009 8:00 pm  |  Updated:  Friday 31 May 2019 9:38 pm

CITcreditors ask for better terms

By: admindrupal

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Bondholders in CITGroup, the stricken USlender, last night asked the firm to sweeten the terms of a planned debt-for-equity swap. Little Bear Investments, one of the bondholders, led calls for the firm to offer more if it wants the creditors to agree to ease their terms under a pre-packaged bankruptcy plan.

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