Citi (C) and Deutsche Bank (DB) want to sell $12B of leveraged debt from the Clear Channel (CCU)...

|By:, SA News Editor

Citi (C) and Deutsche Bank (DB) want to sell $12B of leveraged debt from the Clear Channel (CCU) buyout. Bank debt is going for $0.94 on the dollar, up from $0.86, but CCU debt could demand a steeper discount due to the grim outlook of radio.