Citi Named Bank of the Year in Asia Pacific

HONG KONG:
Citi was recently recognized as ‘Bank of the Year’ in Asia Pacific at the International Financing Review (IFR) Asia Awards 2022 based on a unanimous decision of the editors of IFR Asia, a leading industry magazine with a focus on capital markets.

Citi was also named ‘Best Bond House’ in Asia Pacific for its ability to bring Asian issuers to the G3 market throughout the year against a backdrop of new geopolitical headwinds and rising interest rates, according to IFR Asia.

The independent recognitions from IFR Asia, reaffirms the expertise and solution-driven approach of Citi’s capital markets and advisory teams in developing and executing complex transactions for clients in an ever-changing and challenging macro-environment. “Citi’s pan- Asian footprint and diverse sector coverage made it a bastion of stability, while its commercial bank enabled it to give issuers more options in rapidly changing market conditions,” concluded IFR Asia in the editorial write up accompanying the award win.

“This win is a recognition of the strength of Citi’s franchise, the competitive advantage of our global network and the passion and energy of our teams. We would like to thank our clients for their trust in Citi, and for choosing us as their partner to support their banking requirements,”
said Jan Metzger, Head of Asia Pacific banking, capital markets and advisory at Citi.

During the last year, Citi helped raise over US$200bn for Asian clients from global capital markets.
Citi led transactions also won awards including the following:
 Reliance Industries US$4bn multi-tranche bond – Best Investment Grade Bond
 Lenovo US$675m seven-year CB – Best Structured equity issue
 LG Energy Solution’s W12.8tr IPO – South Korea capital markets deal
 Thai Life Insurance Bt37bn IPO – Thailand capital markets deal