Citibank 2013 Annual Report Download - page 11

Institutional Clients Group
Citi’s Institutional Clients Group builds
enduring relationships with clients by
providing a full suite of strategic advisory
and financing products to multinational
and local corporations, financial and
public sector institutions, governments,
privately held businesses, and many
of the world’s most successful and
influential individuals and families in more
than 160 countries and jurisdictions.
Capital Markets Origination
Citi’s Capital Markets Origination business is focused
on the capital-raising needs of our institutional clients,
from inaugural issuances and exchanges to cross-border
transactions and first-of-their-kind landmark structures. Citi
is the first choice among issuers for clients’ underwriting
needs owing to our unmatched global footprint and diverse
range of financial products. Our track record of successfully
executing in both buoyant and challenging market conditions
is a testament to our unwavering commitment to provide
the highest quality service for clients. Our structuring and
execution expertise has established us as a leader in the
equity capital markets, both in terms of innovation and
proceeds raised, and has distinguished Citi as the clear choice
for debt underwriting, with excellence across a broad range
of currencies and markets.
In an environment where new banking activity has been
driven by global trends, our unique platform allowed us
the best global and local market views of trends, risks, and
issuer and investor requirements. In 2013, Citi led some of
the most significant capital markets transactions. We served
as structuring agent and lead bookrunner on a $927 million
enhanced equipment trust certificate with Japanese Operating
Lease with Call Options (JOLCO) equity — the first transaction
of this type for British Airways — that provided the debt
financing on 14 new Airbus and Boeing aircraft to be leased
to British Airways. Utilizing our unique global capabilities, Citi
was a lead underwriter on the highly successful, cross-border
$1.46 billion initial public offering (IPO) and $974 million
secondary equity offering for ING U.S., Inc. We were a joint
bookrunner for Petrobras’ $11 billion, six-tranche offering — the
largest-ever bond offering by an emerging markets issuer and
the second-largest bond offering of 2013; the largest Brazilian
international bond offering; and the largest-ever oil and gas
sector bond offering.
Citi also was joint bookrunner for Barclays’ £5.95 billion
rights issue and served as joint global coordinator and joint
bookrunner for VTB’s strategic equity and hybrid transactions.
Corporate and Investment Banking
Citi’s Corporate and Investment Banking franchises provide
comprehensive relationship coverage service to ensure the
best possible service and responsiveness to our clients.
With our strong presence in many nations, we use our
country, sector and product expertise to deliver Citi’s global
capabilities to clients wherever they choose to compete.
For the sixth consecutive year, Citi — which provided funding for the revitalization
of the Hunters View housing project in San Francisco — was ranked first in Affordable
Housing Finance’s ranking of affordable housing lenders in the U.S.
Citi acted as financial advisor for the financing
for Etisalat’s buildout of its 3G mobile network in
Nigeria to help improve connectivity among an
increasingly affluent and urbanizing population.
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