Is this good news or bad news?
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One of Slater & Gordon's key backers, Citigroup, has sold down a slice of its debt exposure to the listed law firm, sources told Street Talk on Monday.
It's understood Citi sold in a trade handled by Bank of America Merrill Lynch last week
Sources said the debt collected 38¢ in the dollar.
It was bought on behalf of an unnamed syndicate.
more to come
Read more: http://www.copyright link/street-talk/slater--gordon-debt-trades-at-38-cents-in-the-dollar-sources-20161106-gsjcl4#ixzz4PIQ0G6rm
SGH debt trades at 38 cents in the dollar
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