Capital Markets

Foreign Capital Market Transactions

Citibank is the leader in international capital market transactions for Pakistani issuers. Through the development of innovative financial products and the ability to successfully tap international capital markets, Citibank has raised long term financing in the form of Global Depository Receipts ("GDRs"), Euro-convertibles and Floating Rate Notes ("FRN")

Local Capital Market Transactions

Citibank has been the leading player in the syndicated loans business. It has nurtured a diverse local investor base, demonstrated by its unmatched track record of raising financing in excess of PKR 20 billion for the local market.

Citibank is also one of the leading players in the distribution business, which involves arranging syndicates for Initial Public Offerings ("IPOs"), rights issues and distribution of term finance certificates. As a result of its involvement in these transactions, Citibank has achieved a clear understanding of the various complex regulatory, legal and business issues, that form an integral part of the capital markets business.

Securitisation

Securitisation offers a strategic funding alternative, since it allows for the conversion of assets, with strong cash flows, into a capital source. Citibank has pioneered both local and foreign currency securitisation transactions. It has completed local currency transactions worth PKR 2.5 MMM. Moreover, Citibank successfully arranged the first ever local currency future receivables securitisation in Pakistan.