SWF Radar

The Wall Street Journal reports that, “The Government of Singapore Investment Corp. will likely participate in Citigroup Inc.’s coming sale of $3 billion in common stock, two people familiar with the situation said Wednesday. … GIC in January paid $6.9 billion for preferred stock that can be converted to common stock accounting for around 4% of Citigroup’s equity. That stake would be diluted unless GIC buys a sufficient portion of common stock in the new offering.”