BUZZ-Australia's Judo Capital up on $537 million capital-relief deal, Citi keeps 'buy'

Citigroup Inc.

Citigroup Inc.

C

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Updates

** Shares of Australia's Judo Capital Holdings JDO.AX rise as much as 12.2% to A$1.56, set for best day since mid-February 2025, if current gains hold

** Stock hits its highest level since March 24

** Banking products and services co executes A$750 million ($537.00 million) capital-relief securitisation transaction backed by small and medium enterprise business loans

** Co upsized transaction from A$500 million on strong investor support

** Citi retains "buy" call, says P&L impact of transaction is modest and that the pro-forma ROE accretion highlights the business has further levers to support itself

** Stock down 10% YTD, including the session's moves

($1 = 1.3966 Australian dollars)


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