Wall Street Helps Build $15 Billion Pot of Blended Finance [Financial Post (Toronto, Ontario, Canada)]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Deals blending public and private funds reached a five-year high of $15 billion in 2023, as some of the world's biggest banks and asset managers entered transactions with governments to tackle climate change. The contributions represent a “directional shift” in the global blended finance market, said Joan Larrea, chief executive of Convergence, a global network of 165 financial institutions that includes Citigroup Inc., Mitsubishi UFJ Financial Group Inc. and Standard Chartered Plc. Article content Article content One of the biggest blended finance deals was struck in the final months of last year, when the United Arab Emirates teamed up with BlackRock Inc., Brookfield Asset Management Ltd. and TPG Inc. Under terms of the arrangement, the UAE agreed to cap its own returns on $5 billion of investments and channel excess profits to private investo
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C
Earnings
- 4/12/24 - Beat
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Sec Filings
- 5/20/24 - Form 424B2
- 5/20/24 - Form 424B2
- 5/20/24 - Form 424B2
- C's page on the SEC website