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MW: Treasury sells Citigroup warrants for $312 mln
 
By Greg Robb
WASHINGTON (MarketWatch) -- The Treasury Department announced Wednesday that it sold Citigroup Inc. warrants for $312.2 million. The government sold 255 million A warrants for $1.01 per warrant, compared with a minimum bid of 60 cents set on Monday. The government sold 210 million B warrants priced at 26 cents per warrant, compared with a minimum bid of 15 cents per warrant. The buyers of the warrants have the right to purchase an equal number of Citi shares at a fixed price -- $10.61 for the A warrrants and $17.85 for the B warrants. The A warrants expire on Dec. 31, 2018 and the B warrants expire on Oct. 28, 2018. Treasury received the warrants at no cost as part of its $45 billion rescue of the bank holding company. The government said it has made a $12.3 million profit from the bailout. In trading on Tuesday, Citigroup shares fell 4 cents to close at $4.82.
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