Citigroup has won a bookrunning role for a $400m (€308m) convertible bond for LG.Philips, alongside Morgan Stanley and UBS, which led the Dutch-South Korean television and computer maker's flotation last year.

The proceeds will be used to fund its capital expenditure in Korea, the company said.

Citigroup muscles into LG.Philips convertible

Shanny Basar

Citigroup

LG Investment & Securities

Morgan Stanley

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