The transaction illustrates Citi’s strong commitment to diversity
and to providing opportunities for women, minorities and veterans
Citi today announced that it hired women-owned firms as lead managers of
a $1.5 billion bond issuance. The deal represents Citi’s ongoing
commitment to support women, minority and veteran-owned businesses to
provide opportunities for them to grow and succeed.
In the transaction, which priced on March 1, Citi hired five women-owned
broker-dealers to distribute the bonds to investors. The firms included
C.L. King & Associates; Lebenthal & Co., LLC; MFR Securities, Inc.;
Siebert Brandford Shank & Co., L.L.C.; and Telsey Advisory Group.
“Citi is proud to support women and minority-owned businesses,” said
James Forese, President of Citigroup and Head of Citi’s Institutional
Clients Group. “This transaction is a testament to Citi’s long-standing,
deep commitment to diversity and inclusion, and it is particularly
timely as we prepare to celebrate International Women’s Day on March 8.”
"This is a very exciting transaction," said Alexandra Lebenthal, CEO of
Lebenthal & Co. "There is a lot of discussion about women-owned
businesses, access to capital for women and pay equality, but not a lot
of action. Through this deal, Citi is planting a stake in the ground and
clearly demonstrating that it is a firm that understands how important
women are to this economy."
Through the March 1 deal, Citi issued $1.5 billion in 10-year bonds.
Investors responded positively to the deal, which follows a similar
offering in October, when Citi worked exclusively with veteran-owned
firms to syndicate a $1.5 billion bond offering.
Citi
Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com
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