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Citigroup backs KKR's $700m Sun buy

Citigroup has provided half of the $700m (€539m) financing for Kohlberg Kravis Roberts' acquisition of convertible bonds in Sun Microsystems, the computer server maker.

KKR Private Equity Investors, the firm's $5bn listed vehicle, bought $700m of convertible bonds in the world's third-largest manufacturer of server computers.

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