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
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing
TARIFF TRADE-OFF: Machinery exports to China dropped after Beijing ended its tariff reductions in June, while potential new tariffs fueled ‘front-loaded’ orders to the US The nation’s machinery exports to the US amounted to US$7.19 billion last year, surpassing the US$6.86 billion to China to become the largest export destination for the local machinery industry, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said in a report on Jan. 10. It came as some manufacturers brought forward or “front-loaded” US-bound shipments as required by customers ahead of potential tariffs imposed by the new US administration, the association said. During his campaign, US president-elect Donald Trump threatened tariffs of as high as 60 percent on Chinese goods and 10 percent to 20 percent on imports from other countries.