Citigroup Issues $2.5 Billion Affordable Housing Bond
31 October 2020 - 12:10AM
Dow Jones News
By Dave Sebastian
Citigroup Inc. said it has issued a $2.5 billion social bond
focused on affordable housing, with proceeds going to finance
development and preservation of properties for low- and
moderate-income populations in the U.S.
The bank said it reported $6 billion in lending for affordable
rental housing projects.
Citigroup said it worked exclusively with women, veteran and
minority-owned broker-dealers for the transaction, including active
bookrunners Blaylock Van LLC; CastleOak Securities LP; Loop Capital
Markets LLC and Samuel A. Ramirez & Co. Inc.
Academy Securities Inc., Great Pacific Securities, MFR
Securities Inc., Roberts & Ryan Investments Inc. and Siebert
Williams Shank & Co. LLC served as co-managers for the
transaction.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 30, 2020 08:55 ET (12:55 GMT)
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