By Lisa Kerner
Charlotte, N.C., March 2 – Citi said it hired five women-owned firms as lead managers of a $1.5 billion bond issuance as part of its ongoing commitment to support women, minority and veteran-owned businesses.
Through the March 1 deal, Citi issued $1.5 billion of 10-year bonds, according to a news release.
The women-owned firms included C.L. King & Associates; Lebenthal & Co., LLC; MFR Securities, Inc.; Siebert Brandford Shank & Co., LLC; and Telsey Advisory Group.
“Through this deal, Citi is planting a stake in the ground and clearly demonstrating that it is a firm that understands how important women are to this economy,” said Lebenthal chief executive officer Alexandra Lebenthal.
In October, the New York-based bank worked exclusively with veteran-owned firms on a similar $1.5 billion offering.
| Issuer: | Citi
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| Issue: | Bond
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| Amount: | $1.5 billion
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| Maturity: | 10 years
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| Announced: | March 1
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| Lead managers: | C.L. King & Associates; Lebenthal & Co., LLC; MFR Securities, Inc.; Siebert Brandford Shank & Co., LLC; and Telsey Advisory Group
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