The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
Best Bank Awards

Kazakhstan's best international bank 2021: Citi

Citi

Saule Zhakayeva, Citi Kazakhstan.jpg
Saule Zhakayeva, Citi Kazakhstan

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 billion take-private transaction by Nova Resources.

Beyond investment banking, Citi has a strong foothold in Kazakhstan’s corporate banking market.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree