Environmental Finance's Bond Awards 2023

Lead manager of the year, sustainability bonds - sovereign; Lead manager of the year, green bonds - corporate: Citi

In 2022, Citi acted as a lead manager for several sovereign syndicated green, social, and sustainability bonds in Andorra, Germany, the European Union, Hong Kong, Hungary, Italy, the Republic of Chile, and the Arab Republic of Egypt.

Citi also launched a $1 billion 25-year sustainability bond in the Philippines.

This transaction was the inaugural ESG financing for the country following the creation of its Sustainable Finance Framework, and the transaction attracted an order book of over $9.6 billion, according to Citi.

The proceeds will support projects in the country across social categories such as access to healthcare and education, access to basic infrastructure, food security, employment generation, and affordable housing.

In addition, it will also support projects in green categories, such as clean transportation, climate change adaptation, sustainable land use, and renewable energy.

Citi also acted as the sustainability structuring advisor on Israel's Green Bond Framework, which was awarded a 'Dark Green' shading from CICERO to reflect the quality of its long-term vision of a low-carbon and climate-resilient future.

Philip BrownIn addition, Citi acted as green bond structuring advisor on six corporate green bond frameworks in 2022, including creating frameworks for SoCalGas, Yara, Coca-Cola HBC, Hydro, Preem, and Sweihan Solar PV Power.

Citi said it was also a joint bookrunner on an apportioned value of $5.9 billion of corporate green bond issuance in 2022 across 54 transactions.

Commenting on winning two Environmental Finance awards, Philip Brown, global head of sustainable debt capital markets at Citi said: "We are delighted to have won these prestigious awards for our work in 2022.

"This recognition reflects the expertise within Citi's Sustainable Debt Capital Markets team, enabling us to help clients address their most material ESG priorities. It's also testament to Citi's market-leading syndicate platform through which we access sustainable bond markets."