CITI'S $100M BOND RAISE FOR UNICEF HAS A BIG IMPACT Team of the month

摘要

A CO-AUTHOR of the 2014 Green Bond Principles, Citi has solid sustainable debt credentials, borne out by its transactional track record. It continues to notch up milestone sustainable deals across different industries, including an innovative bond benefitting the UN Children's Fund (Unicef), which cannot carry debt on its balance sheet. Unusually, Citi's private bank played a meaningful role. The bank had a good start to 2021 in sustainable debt capital markets (DCM), with the largest share by value of Europe, the Middle East and Africa corporate deals in the first quarter. At the end of the quarter, it ranked third in all global and emerging market sustainable bond transactions. "We have a big presence in sustainable finance," says Philip Brown, Citi's London-based global head of sustainable capital markets. "It is increasingly a part of every strategic conversation with clients in all sectors." Mr Brown believes that progress in the sustainable capital markets market will be defined by transactions, rather than by committees. "So work on interesting transactions is stimulating for all of us," he says.