Citigroup (NYSE:C) Could Issue Up to $68 Billion in Securities Over Next 3 Years

In a securities plan Citigroup (NYSE:C) was required to file with the SEC as part of a settlement with regulators, the revealed they may issue up to $68 billion in securities over the next 3 years, including stocks, bonds and other instruments.

As part of Citigroup's settlement over failure to disclose about $40 billion in subprime-related holdings to investors, in which they paid a $75 million fine, the company was no longer able to register securities without a review, losing their status as a “well-known seasoned issuer.”

Any company that has been accused of certain violations within the past 3 years lose their right to register securities without a review, according to the parameters of SEC rules.

Citi spokeswoman Shannon Bell said, “Citi is filing amendments to previously filed registration statements and will file new registration statements to cover expected issuances for the next three years, to conform with SEC guidance. Citi does not expect that its SEC filing status will affect its current issuance programs.”

Citigroup closed Friday at $4.88, gaining $0.10, or 2.09 percent.