What is Citigroup capital XIII?

Citigroup Capital XIII is a "TruPS," or trust preferred securities, instrument. TruPS are a type of hybrid security that have the features of both debt and equity. In a typical trust-preferred structure (see figure below) a parent Bank Holding Company (BHC) creates a trust subsidiary that issues TruPS, which are then sold to investors.

What segments does Citigroup capital XIII operate through?

It operates through the following segments: Global Consumer Banking, Institutional Clients Group, and Corporate and Other. The Global Consumer Banking segment provides traditional banking services to retail customers through retail banking, including commercia... Complete Citigroup Capital XIII TruPS Fixed/Fltg stock information by Barron's.

Is Citigroup capital XIII a good stock to buy?

For the record, Citigroup (NYSE: C) has three TruPS issuances outstanding on its balance sheet. However, only Citigroup Capital XIII is interesting as it provides a high equity-like yield, has a low realized volatility, and is relatively safe in terms of the risks born by the investor. More on these risks later.