Treasury To Sell Citi Warrants

The U.S. Department of Treasury will offer warrants to buy Citigroup common stock on Jan. 25, 2011.

The U.S. Department of Treasury will offer warrants to buy Citigroup common stock on Jan. 25, 2011, The Wall Street Journal reports. The 465.1 million warrants will be sold through a Dutch auction method.

Deutsche Bank Securities is managing the auction. The Treasury had received the warrants under its Troubled Asset Relief Program in return for the bailout of Citi.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.