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
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu