THINKING: Press Releases

Penserra Participates in Citigroup’s $750 Million Bond Offering in Honor of Hispanic Heritage Month

October 4, 2023 (ORINDA, CA) – Penserra is proud to have participated in Citigroup’s recent $750 million Floating Rate Notes offering. In honor of National Hispanic Heritage Month, Citibank worked with six Hispanic-owned firms in the underwriting syndicate.

“Citigroup continues to create real opportunities for diverse firms to have meaningful participation in their debt offerings. As we celebrate Hispanic Heritage Month, our team at Penserra is grateful for the opportunity given to us and other Hispanic-owned firms to act as a Senior Co-Manager on Citibank’s $750 million 2-year bank note floater. We are encouraged by Citi’s commitment and support of diverse-owned investment banking firms,” said Jorge (“George”) Madrigal, Founder and Chief Executive Officer, Penserra Securities LLC.”