ESG & Investing
Citi Eyes ‘Complex’ Debt Swaps Once Dominated by Credit Suisse
- Citi joins HSBC as list of banks voicing interest grows
- Credit Suisse crisis redraws lines in ESG debt-swap market
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Citigroup Inc. is looking to expand its footprint in a market that’s so far been dominated by Credit Suisse, according to a senior banker at the Wall Street firm.
Jay Collins, vice chairman of banking, capital markets and advisory, said Citi is “absolutely interested” in arranging new deals in the market for debt-for-nature swaps, which allows countries to restructure their debt in exchange for promises to protect the environment.