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12.11.26 - 02:00
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Hong Kong set for more diverse IPOs as global funds seek Chinese world-beaters: Citigroup (SCMP)
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The Hong Kong stock market's initial public offering (IPO) pipeline is set to become more diverse in 2027 as global investors will show a greater appetite for solid Chinese companies in fields including biotechnology, advanced manufacturing and renewable energy, according to Citigroup.
As demand for artificial intelligence-related equities waned, international institutions would remain keen to allocate a large portion of their assets to China's world-beaters when they listed in Hong Kong, said......
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10.11.26 - 11:00
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Citigroup CEO Jane Fraser strikes bullish tone on China expansion after brokerage approval (SCMP)
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Citigroup CEO Jane Fraser has struck a confident and optimistic note that the US lender would become a leading investment bank in mainland China after it received approval to set up a wholly-owned securities firm in one of the world's largest capital markets.
Beijing's supportive stance on foreign financial service firms as well as China's strength in manufacturing and artificial intelligence would also offer opportunities for Citi as it pursued fresh growth engines, Fraser said at the Citi......
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10.11.26 - 05:00
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Citi To Hire 100 Bankers in Mainland CN Over Coming Yrs (AAStocks)
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Citigroup, Inc. (C.US) obtained a wholly foreign-owned securities license in China last month, allowing it to establish a wholly owned securities company in the mainland. Kaleem Rizvi, Co-Head of Global Corporate Banking at Citi, said the bank plans to hire 100 bankers over the coming years, believing that the China market is to......
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09.11.26 - 22:21
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Citigroup Announces Full Redemption of Series Y Preferred Stock (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.0 billion aggregate liquidation preference of 1,000,000 Depositary Shares each representing a 1/25th interest in its 4.150% Fixed Rate Reset Noncumulative Preferred Stock, Series Y (the “Preferred Stock”).
The redemption date is November 15, 2026, for the Preferred Stock and related Depositary Shares (the “Redemption Date”). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on November 16, 2026 (the “Redemption Payment Date”), the business day immediately following the Redemption Date. Holders of record on November 6, 2026, will receive the previously declared regular quarterly dividend of $10.375 per Depositary Share payable on the Redemption Payment Date.
The redemption announced today reflects Citigroup's ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup's redemptions are based on several factors, including without limitation, the economic v...
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30.10.26 - 21:18
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Citibank Announces $2 Billion Redemption of 5.488% Notes Due 2026 and $500 Million Redemption of Floating Rate Notes Due 2026 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Citibank, N.A. is announcing the redemption, in whole, constituting $2,000,000,000 of its 5.488% Notes due 2026 (the “fixed rate notes”) (ISIN: US17325FBC14) and $500,000,000 of its Floating Rate Notes due 2026 (the “floating rate notes” and together with the fixed rate notes, the “notes”) (ISIN: US17325FBD96).
The redemption date for the notes is November 4, 2026 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest to, but excluding, the redemption date.
The redemptions announced today are consistent with Citibank's liability management strategy and reflect its ongoing efforts to enhance the efficiency of its funding and capital structure. Citibank will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, the economic value, regulatory changes, potential impact on Citibank's net interest margin and...
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