By pioneering the local 'Term Finance Certificates' ("TFC") market and underwriting equity offers, Citibank has further consolidated its investor base and enhanced its expertise in the development and execution of different capital markets products. This has been achieved primarily through a clear understanding of the various complex regulatory, legal and business issues.
| Client | Transaction Type | Amount | Date |
|---|---|---|---|
| Shell Pakistan Limited | Underwriting Syndication | PKR 744 million | 1997 |
| ICI Pakistan Limited | 5-year Secured TFC Issue | PKR 1,000 million | 1996 |
| Shell Pakistan Limited | Underwriting Syndication | PKR 343 million | 1996 |
| Sui Southern Gas Company Limited | 5-year Secured TFC Issue | PKR 500 million | 1995 |
| Kohat Cement Company Limited | Equity Placement | PKR 182 million | 1994 |
| Lucky Cement Company Limited | Pre-IPO Placement | PKR 651 million | 1994 |