Citi has worked exclusively with veteran-owned firms to syndicate a recent USD1.5 billion bond issuance, clearly showing Citi’s commitment to providing opportunities to the veterans’ community.
In the transaction, which priced on 23 October, 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,” says 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 23 October deal, Citi re-opened a USD2 billion issuance originally priced in September, pricing USD1.5 billion in additional bonds and bringing the total outstanding securities to USD3.5 billion. Investors responded positively to the deal, which Citi hopes will be the first of similar transactions involving veteran-owned firms in the future.