New York – Citi today announced that it worked exclusively with Hispanic-owned firms to syndicate a $2.75 billion bond issuance in honor of National Hispanic Heritage Month.
Citi issued $2.75 billion of a 4-year non-call 3-year senior note on September 22, utilizing six Hispanic-owned firms in the underwriting syndicate for this Citi-led transaction. The six firms included Apto Partners LLC, Cabrera Capital Markets LLC, Great Pacific Securities, Guzman & Company, Penserra Securities LLC, and Samuel A. Ramirez & Company, Inc.
"I am proud that in addition to our newly-announced representation goals for Hispanic and Latino communities, Citi is honoring the heritage of those communities through the work we are doing with minority-owned broker dealers. As we continue to help drive the finance industry toward a more equitable and inclusive environment, the execution of this transaction demonstrates the commitment we have to provide access to places where underrepresented communities have been historically shut out," said Anita Romero, Co-Chair of Citi's Hispanic/Latino Heritage employee network group.
"We are centrally focused on advancing Citi's mission of enabling economic growth and progress. We believe that our partnership with these firms helps deepen our relationship with minority-owned institutions, as well as with our investors, who have been very supportive of these transactions," said Michael Verdeschi, Treasurer of Citi.
"We are proud to have been part of this syndicate that recognizes National Hispanic heritage Month," said Sam Ramirez, Jr., Senior Managing Director of Ramirez & Co. "We applaud Citi for its consistent support for not only Hispanic-owned firms, but also a wide range of minority, veteran and women-owned firms. Citi has long been a strong partner in providing meaningful opportunities in the capital markets."
Since 2015, Citi has worked with more than 30 firms owned by Veterans, women or underrepresented minorities who have received over $45 million in fees across approximately $200 billion in bond issuance.
The company also created its Diverse Financial Institutions Group, a dedicated team within Citi focused on prioritizing and expanding firmwide engagement with MDIs, diverse broker-dealers and diverse asset managers.
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
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Media contact: Danielle Romero Apsilos +1 212 816 2264
Investor contact: Peter Demoise +1 212 559 5091