FinanceAsia Achievement Awards 2000 - Best Project Finance House

Citibank

Asian project finance has had something of a rebirth in 2000 as economic growth has returned to the region creating the need for new infrastructure. But memories are long in the world of project finance and the shut down of the market in 1997-1998 left many banks wary of stepping into the arena again.

Not so Citibank. In 2000, the group showed leadership in Asian project finance, closing a string of deals in a variety of countries using a variety of complex structures to mitigate the risks inherent in Asian project finance. The bank claims to have closed 19 project finance deals in Asia this year, although some of those are more strictly defined...

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