Tag: citigroup

Citi's Rodrigo Zorrilla and David Ratliff talk to FinanceAsia about their outlook for debt and equity issuance in 2010 and Citi's plans for its Asian markets business. Rizal Commercial Banking Corporation's $250 million five-year issue starts off a busy week in the debt markets as companies rush to execute their deals before Chinese New Year. Citi sells off its Japanese domestic securities arm to boost its capital, but keeps the global arm. Speculation that Brambles is a takeover target is re-ignited as infrastructure newcomer Asciano buys a sizable stake in the business. The final price for Rickmers Maritime results in a deal size of $284 million and puts the yield below the Singapore comps at 8.2%. Support from long-term investors who are keen on the sector allows Fortis Healthcare to price its offering close to the top of the range. Meanwhile, Mainland institutions prompt a slight narrowing of Citic Bank's price range, shrinking the maximum IPO size. Shareholders in the Aussie building materials company consider their response to a revised offer of $15.85 per share from Cemex after the company’s board gives it the stamp of ... Japan's Mizuho signs on as one of four cornerstone investors. Valuation reflects the lack of size as a marketing argument. The Korean telecom company issues a $200 million five-year note which prices at the tight end. Alexander Molyneux joins the US bank’s Asia division this month. Sources suggest the Chinese lender may raise more than $4 billion from the dual listing with a small portion going to cornerstone investors. The combined block raises $236 million as the share price continues its recent decline. Thai investors back the company's first baht offering since 2004. The veteran banker moves into a newly-created role as head of private banking in Asia. David Simons will take up the position as head of the bank’s leveraged and acquisition finance team in Asia-Pacific. Rickmers Maritime banks on a heavy acquistion focus to draw investors to its $275 million offering, in the second shipping trust to hit Singapore this month. Citibank Berhad continues to expand its Shariah-compliant Islamic finance products available in Malaysia. The $103 million deal achieves a tight discount despite sizeable share price gains over the past four months. Citigroup amalgamates cash and trade sales in a single role.