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Citibank Bahrain wins Best Foreign Investment Bank Award

Citibank Bahrain wins Best Visual Website Award
Manama, Bahrain- EMEA Finance Magazine has named Citi “Best Foreign Investment Bank in Bahrain” jointly with JP Morgan and Standard Chartered Bank as part of the magazine's Middle East Banking Awards 2012. The awards were recently announced at a charity awards dinner held at Jumeirah Emirates Towers in Dubai.
"The EMEA Finance award is a testament to Citi’s capabilities to support our clients from the private and public sectors in achieving their goals. We are honored to receive this award for the second year in a row”, said Mazin Manna, CEO of Citi Bahrain.

Some of the key transactions led by Citi during the period are:

  • Joint Lead Manager on  US$650 million debut Capital Markets issue by Bahrain Telecommunications Company ‘Batelco’ in relation to the acquisition of Cable & Wireless Monaco and Islands business unit (Apr 2013). Citi also acted as M&A Advisor on this acquisition in addition to providing bridge financing to fund the acquisition (2012).
  • Joint Lead Manager on Investcorp Bank's US$250 million 5 year High Yield bond issue, the first bond offering by a non-investment grade asset manager from the Middle East (October 2012).
  • Joint Lead Manager on the Government of Bahrain's US$1.5 billion 10 year bond offering, the largest transaction ever priced by the Kingdom (2012).
  • Joint Coordinator and Bookrunner on Investcorp Bank’s US$529 million Forward Start Facility, which successfully refinanced debt due in 2013.

EMEA Finance is a bimonthly publication that reports on the major financial events and happenings initiated and influenced by the international financial industry active in Europe, Middle East, and Africa (the EMEA region).

According to EMEA Finance's criteria, 'Awards recognize the leading banks across the Middle East that stand out among their peers, demonstrate leadership in their home markets, top the performance and deal-making tables both in individual countries and across the Middle East. The awards consider various performance and structural factors such as market share, growth in important product classes, and corporate strategy.'

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