The two most active investment banks in the Caribbean region are Citi and JPMorgan. While it would seem natural to consider them competitors – and of course they are – it is striking how many deals there are in which they team up.
From sovereign transactions for the Republic of Panama and the Dominican Republic to corporate deals, such as Central America Bottling Corp’s $1.1 billion transaction and Investment Energy Resources $700 million, the two banks have worked together in bringing debt financing into the region.
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