The international financial magazine “The Asset” recently announced the winners of the Triple A Awards for Sustainable Finance 2024. Citi Taiwan received ten awards including the “Best Bank for Sustainable Finance” and “Best Corporate and Institutional Adviser, demonstrating that Citi’s local achievements in Taiwan are highly recognized on the global stage.
Moreover, Citi Taiwan also won the “Best Commercial Bank”, which is a new category inaugurated by the Asset Triple A Awards to recognize financial institutions that excel in supporting mid-sized clients, showing that Citi Taiwan is indeed the best financial partner for clients.
Since 2020, Citi has helped Taiwanese clients raise US$20bn from global equity and debt capital markets. Citigroup also ended 2023 as the top equity house in Asia, ranked number one for the Asia ex-Japan & Australia, ex-A Share league table for equity and equity-linked issuances according to Bloomberg data.
Photo courtesy of Citi Taiwan
Aftab Ahmed, Citi Country Officer for Taiwan, said, “Citi continues to be the premier international bank with the largest global network and franchise that connects the world to Taiwan and Taiwan to the world. We have been doing this since 1964 when we established a local presence in Taiwan 60 years ago. Citi is well-positioned to support Taiwan corporates achieve their expansion plans and growth ambitions.”
Citi continues to solidify its position in Taiwan as the most trusted advisor to clients for capital markets solutions, leveraging its global presence and unmatched platform to help companies go global.
Over the past 60 years, Citi Taiwan has consistently won numerous international awards by The Asset Triple A Awards including ‘Best Bank’ for 21 consecutive years, ‘Best Corporate and Institutional Bank’ for nine successive years, ‘Best M&A Adviser’ for seven years and ‘Best Equity Adviser’ for six years.
In addition, Asiamoney has presented Citi Taiwan with the ‘Best Investment Bank’ award for two consecutive years in recognition of Citi’s outstanding investment banking franchise in Taiwan and the ability to support clients through uncertain market conditions. Finally, Citi Taiwan has also been recognized by FinanceAsia as the “Best International Investment Bank” four times in the last six years.
Citi Taiwan award list of the Asset Triple A Awards for Sustainable Finance 2024:
Best bank/ adviser
- Best Bank for Sustainable Finance
- Best Corporate and Institutional Adviser – Global
- Best Equity Adviser
- Best M&A Adviser
- Best Commercial Bank
Best deals, as recognized by the Asset Magazine
- Taiwan Cement Corporation’s (TCC) US$385m GDR and US$420m Green Convertible Bond offering, the first green convertible bond in Taiwan ever and largest concurrent combo issuance in the region in the last two years
- US$463mm GDR by PharmaEssentia, the largest ever overseas offering by a Taiwan healthcare issuer
- Walsin Lihwa’s US$389m GDR offering
- Shinhan Bank’s US$500 million Formosa social bond
- US$450m syndicated sustainability-linked term loan facility for Zhen Ding Technology Holding Limited
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
CHIP DUTIES: TSMC said it voiced its concerns to Washington about tariffs, telling the US commerce department that it wants ‘fair treatment’ to protect its competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated robust business prospects for this year as strong artificial intelligence (AI) chip demand from Nvidia Corp and other customers would absorb the impacts of US tariffs. “The impact of tariffs would be indirect, as the custom tax is the importers’ responsibility, not the exporters,” TSMC chairman and chief executive officer C.C. Wei (魏哲家) said at the chipmaker’s annual shareholders’ meeting in Hsinchu City. TSMC’s business could be affected if people become reluctant to buy electronics due to inflated prices, Wei said. In addition, the chipmaker has voiced its concern to the US Department of Commerce
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because