New York Citi today announced that it worked exclusively with veteran-owned firms to syndicate a recent $1.5 billion bond issuance, clearly showing Citi's commitment to providing opportunities to the veterans' community.
In the transaction, which priced on Oct. 23, Citi hired five veteran-owned financial firms to distribute the bonds to investors. The firms included Academy Securities, Inc.; CAVU Securities, LLC; Drexel Hamilton, LLC; Mischler Financial Group, Inc.; and Multi-Bank Securities, Inc.
"Citi is proud to support our nation's veterans and to partner with these firms, all of which executed with excellence and helped us deliver a very successful transaction," said Suni Harford, Citi's Regional Head of Markets for North America. "This deal provides a great example of how companies can partner with veteran-owned businesses to provide opportunities for them to grow and succeed."
Through the Oct. 23 deal, Citi re-opened a $2 billion issuance originally priced in September, pricing $1.5 billion in additional bonds and bringing the total outstanding securities to $3.5 billion. Investors responded positively to the deal, which Citi hopes will be the first of similar transactions involving veteran-owned firms in the future.
Today's announcement represents the latest example of Citi's long-standing commitment of supporting our nation's heroes. For more than 200 years, Citi has helped enable economic progress in the communities where it has a presence. Through the company-wide Citi Salutes initiative, veterans are connected to Citi's entire range of services geared to the military community, including career opportunities, partnerships with leading veteran service organizations and useful banking services.
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.
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