ADIA, the sovereign wealth fund of the government of Abu Dhabi, is buying equity units that convert into Citigroup shares at prices ranging from $31.83 to $37.24 per share, on dates ranging from March 15, 2010, to Sept. 15, 2011, the U.S. bank said. The units will pay 11 percent annual interest.
11% APR is a pretty good deal for the Emiratis.
One of my friends went to work in Dubai. Great job. I'm going to check out the city next year.
