Kazakhstan's best international bank 2021: Citi
Citi’s commitment to Kazakhstan has not wavered in the 25-plus years that it has had a presence in the Central Asian country. It has only become stronger.
Its strong global investment banking and capital markets franchise is equally robust in Kazakhstan, where it worked on a handful of eye-catching deals during Asiamoney’s awards period.
The US bank was one of four bookrunners on Development Bank of Kazakhstan’s $734 million dollar and tenge Eurobond, issued in April 2021.
It was a global coordinator on the secondary public offering of Kazakh fintech firm Kaspi in London in October 2020, a deal worth a total of about $1 billion, including the sale of depositary receipts on the Astana International Exchange.
Citi also helped Kaspi’s shareholders, Goldman Sachs and Baring Vostok Capital Partners, raise $403 million in March 2021 from an overnight selldown of shares in the Kazakh firm.
In addition, the bank was a financial adviser and corporate broker to KAZ Minerals in its £4.1