Cbonds, the internet portal on fixed income markets in Russia, Ukraine and CIS countries, ranked Citi the No. 1 arranger in Russia, CIS and the Eurobond market in 2008. For the year, Citi arranged issues valued at $3.75 billion in Russia and CIS. This corresponds to a 14.25% market share.
“We are extremely proud that Citi is being consistently recognized as a leader on the Eurobond market globally, as well as in Russiam” says Eugene Belin, head of Fixed Income, Currencies & Commodities, Russia, CIS and Israel. “We are committed to our clients in Russia, providing them with unrivalled global distribution capability. This includes, crucially, the strongest access to the U.S. investor base, which is particularly important in the current challenging market environment. Citi’s team combines global reach with robust local presence to ensure the best possible execution to meet our clients’ objectives”
Among the most important transactions contributing to Citi’s success are a $3 billion deal for KazMunayGas, which won the accolade of IFR’s CEEMEA Deal of the Year; a $2 billion Vimplecom offering, the largest CIS private deal, which was awarded Credit Magazine’s Global EM Bond of the Year; and a $1.5 billion Gazprom issue, with a record-breaking order book of $10 billion.
D.C.