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UPDATE 1-Abu Dhabi sovereign fund ADQ plans debut US-dollar bond issue
Abu Dhabi sovereign wealth fund ADQ plans debut US-dollar bond issue. The state fund is pursuing a debt sale to help diversify its funding sources for future acquisitions. Abu Dhabi Developmental Holding has mandated banks for a benchmark-sized two-tranche deal. The deal is expected to be sold in five and 10-year tranches.
Reuters · 35m ago
Abu Dhabi sovereign fund ADQ picks banks for two-part bond sale, IFR reports
Abu Dhabi sovereign fund ADQ picks banks for two-part bond sale, IFR reports. Abu Dhabi Developmental Holding has hired banks to arrange investor meetings ahead of debut U.S. Dollar denominated double tranche bond offering. The fund has picked Citigroup, Credit Agricole, Goldman Sachs and Standard Chartered.
Reuters · 1h ago
CITIGROUP ANNOUNCES $2.0 BILLION REDEMPTION OF 0.981% FIXED RATE / FLOATING RATE NOTES DUE 2025 AND $500.0 MILLION REDEMPTION OF FLOATING RATE NOTES DUE 2025
Reuters · 2d ago
CITIGROUP: REDEMPTION DATE FOR NOTES IS MAY 1, 2024
Reuters · 2d ago
UPDATE 4-Trump allies drafting plans to erode Fed's independence, WSJ reports
Trump allies drafting plans to erode Fed's independence, WSJ reports. The allies of Donald Trump are drafting proposals that would erode the central bank's independence. The former president's allies argue that Trump should be consulted on rate decisions, the report says. The Trump campaign plays down the report.
Reuters · 2d ago
UPDATE 1-Morocco’s OCP raises $2 bln in dual-tranche Eurobond
Morocco's OCP raises $2 billion in a dual-tranche Eurobond to fund its green transition plan. The phosphates and fertilisers producer says the bond is split into two tranches due in 10 and 30 years. The plan includes shifting fully to renewables by 2027. Requests for subscriptions reached 3.1 times the amount offered.
Reuters · 2d ago
UPDATE 3-Microsoft-backed Rubrik's stock jumps 21% in NYSE debut
Microsoft-backed Rubrik's stock jumps 21% in NYSE debut on Thursday. The cybersecurity firm's stock is valued at $6.77 billion. Rubrik provides data security solutions to more than 6,100 customers. The company's stock opened at $38.6 in its debut on the NYSE.
Reuters · 3d ago
BUZZ-Microsoft-backed Rubrik jumps >20% in strong NYSE debut
Microsoft-backed Rubrik jumps >20% in strong NYSE debut. Cybersecurity software firm Rubrik Inc's IPO exceeds expectations. RBRK opens at $38.60, 20.6% above the $32 IPO price. Microsoft is a major shareholder in the company.
Reuters · 3d ago
UPDATE 1-BGC Group's FMX Futures gets funding from banking consortium
BGC Group's FMX Futures gets funding from banking consortium. The exchange platform will rival CME Group in the interest rates derivatives market. FMX is expected to launch in September 2024. The consortium includes Bank of America, Citigroup and Goldman Sachs. BGC Group says its exchange platform valued at $667 million.
Reuters · 3d ago
UPDATE 2-BGC Group's FMX Futures takes aim at 'heavyweight champ' CME
BGC Group's FMX Futures platform joins forces with Wall Street's biggest banks to take on CME Group. FMX currently offers trading in cash U.S. Treasuries and spot currencies. Group of financial firms including Bank of America make minority equity investments in FMX. FMx aims to compete with CME in the interest rates derivatives market.
Reuters · 3d ago
UPDATE 3-BGC Group takes aim at 'heavyweight champ' CME exchange
BGC Group's BGC.O FMX business to take on leading exchange operator CME Group. Financial firms including Bank of America and Goldman Sachs make minority equity investments in FMX. FMX aims to compete with CME in the interest rates derivatives market. CME has 99% of the futures market in America.
Reuters · 3d ago
UPDATE 1-Weak GDP, strong prices, highlight Fed dilemma
U.S. Economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential. But prices have remained sticky, rising at a 3.4% annual rate versus the Fed's 2% target. Weak GDP, strong prices, highlight Fed dilemma for the central bank.
Reuters · 3d ago
BUZZ-Microsoft-backed Rubrik poised to rise after above-expectations IPO
Cybersecurity software firm Rubrik Inc's RBRK.N shares indicated to open at $37-$39 in its IPO. Rubrik sold 23.5 mln shares above marketed range of $32. Microsoft is a major shareholder in the company and reportedly valued the startup at $4 bln.
Reuters · 3d ago
POLL-Inflation in key African economies to slow into next year
Inflation in key African economies to slow into year but remain stubbornly high in Nigeria, a Reuters poll finds. Inflation in Nigeria is expected to quicken to 29.1% this year from an average of 24.5% last year. The acute shortage of dollars in much of the continent has put inflation under strain. But poll shows inflation will moderate more in countries with diversified sources of dollar revenues.
Reuters · 3d ago
UPDATE 1-Lazard posts first-quarter profit on jump in assets
Lazard's assets under management rose to $250 billion in the first quarter from $232 billion a year earlier. Firm's asset management revenue rose 4% to $295 million. Revenue at Lazard's financial advisory segment rose 63% in the quarter. Lazard posts first-quarter profit on jump in assets.
Reuters · 3d ago
UPDATE 3-Lazard posts better-than-expected profit on deals, assets boost
Lazard posts better-than-expected profit on deals, assets boost in first quarter. Investment bank's adjusted revenue jumped 42% to $747 million. Firm advised on a string of high-profile mergers and acquisitions in the quarter. Lazard's assets under management rose to $250 billion from $232 billion.
Reuters · 3d ago
UPDATE 2-Lazard posts first-quarter profit on deals, assets boost
Lazard posts first-quarter profit on deals, assets boost. Investment bank's profit boosted by a string of high-profile mergers and acquisitions it advised on in the first quarter. Lazard's assets under management rose to $250 billion in the quarter from $232 billion a year earlier.
Reuters · 3d ago
UPDATE 4-BNP Paribas beats estimates as lower costs offset trading slump
BNP Paribas beats estimates as lower costs offset trading slump. French lender reports 20% fall in revenue from fixed income trading in first quarter. Global banking revenue up 6% but corporate banking down 4%. BNPP's net income down 2.2% in Q1; FICC trading sales down 20%. Bank sees 2024 income of more than 11.2 billion euros.
Reuters · 4d ago
UPDATE 1-Microsoft-backed Rubrik prices US IPO above range at $32/shr
Microsoft-backed Rubrik prices US IPO above range at $32/shr. Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares. The cybersecurity software startup counts Microsoft among its investors. The company makes cloud-based ransomware protection and data-backup software.
Reuters · 4d ago
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About C-PRS
Citigroup Inc. is a diversified financial services holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Its business segments include Global Consumer Banking (GCB), Institutional Clients Group (ICG) and Corporate/Other. GCB segment provides traditional banking services to retail customers through retail banking, Citi-branded cards and Citi retail services. ICG segment provides corporate, institutional, public sector and high-net-worth clients with a range of wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, corporate lending, investment banking and advisory services, private banking, and securities services. Corporate/Other segment includes corporate treasury, operations and technology, and consumer loans.