Africa's best bank for financing 2019: Citi
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Awards

Africa's best bank for financing 2019: Citi

Awards for Excellence 2019


Citi
’s reach and knowledge of African markets combined with its international banking expertise and balance sheet make it Africa’s best bank for financing for the second year in a row.

In debt capital markets, Citi was the bookrunner on 10 deals, accounting for 11% of market share worth $3.8 billion.

Citi’s team has completed a wide range of landmark deals over the last 12 months under the leadership of Miguel Azevedo, head of investment banking in the Middle East and Africa, including in equity capital markets. In May 2018, Citi was chosen as joint global coordinator for Vivo Energy’s dual listing on the London and Johannesburg stock exchanges.

In February this year, the bank was joint financial adviser for the spin-off of MultiChoice by Naspers, creating a FTSE/JSE top-40 listed company with a $3.4 billion market capitalization and $4.8 billion enterprise value. In April, Citi was joint active bookrunner for the $225 million IPO of leading pan-African e-commerce platform Jumia.

Miguel Azevedo_160x186

Miguel Azevedo

In debt markets, Citi acted as global coordinator for Kosmos Energy’s $650 million senior unsecured bond in March and was coordinator, bookrunner and mandated lead arranger for the $600 million syndicated term loan facility for Investec.

Gift this article