In a step to boost equity, Citicorp plans to sell common stock to shareholders next month at a discount.

The company's 70,000 shareholders will be able to buy shares at a 2.5% discount from the trading price, which was $20.25 at Tuesday's close.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.