Asiamoney Kazakhstan best international bank 2021: Citi
Willow Zhakayeva, Citi Kazakhstan
Citi’s commitment to Kazakhstan has not wavered in its more than 25 years of presence in the Central Asian country. He only got stronger.
Its strong global investment banking and capital markets franchise is also robust in Kazakhstan, where it worked on a handful of eye-catching deals during Asiamoney’s awards season.
The U.S. bank was one of four bookrunners of the $734 million Eurobond and tenge of the Development Bank of Kazakhstan, issued in April 2021.
He was the global coordinator of the secondary public offering of the Kazakh fintech company Kaspi in London in October 2020, a deal worth a total of around $1 billion, including the sale of certificates of deposit on the Astana International Exchange.
Citi also helped Kaspi shareholders Goldman Sachs and Baring Vostok Capital Partners raise $403 million in March 2021 through an overnight sale of shares in the Kazakh company.
In addition, the bank was a corporate financial adviser and broker to KAZ Minerals in its £4.1 billion privatization deal by Nova Resources.
Beyond investment banking, Citi has a strong presence in the corporate banking market in Kazakhstan.