Deals • 04/25/2023
On January 18, 2022, Loop Capital Markets served as a senior co-manager on a two-tranche $2.5 billion senior unsecured social notes offering for Citigroup Inc. The bonds are rated A3/BBB+/A across 4-year tranches.
Use of proceeds will be allocated exclusively to finance or refinance a portion of Citigroup’s portfolio of affordable housing assets as described in Citigroup’s Social Bond Framework. This portfolio consists of selected eligible financing instruments primarily intended to finance the construction, rehabilitation, and/or the preservation of quality affordable housing for low- and moderate-income populations in the United States.