NEW YORK, Nov 21 (Reuters) - The cost of protecting Citigroup Inc's debt with credit default swaps rose sharply on Friday as its shares fell more than 13 percent.
Five-year credit default swaps on Citigroup widened to 470 basis points, or $470,000 a year to protect $10 million of debt, according to data from Phoenix Partner Group. The swaps had traded around 395 basis points late on Thursday.
Citigroup has lost more half of its market value this week on growing worries over whether it has enough capital to withstand billions of dollars of potential losses. For details click on.

(Reporting by Dena Aubin; Editing by Theodore d'Afflisio)

(dena.aubin@thomsonreuters.com; +1-646-223-6325; Reuters Messaging: dena.aubin.reuters.com@reuters.net)) Keywords: CITIGROUP/SWAPS PHOENIX

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