STERN BROTHERS INKS FIRST CORPORATE DEAL WITH CITIBANK, N.A
Stern Brothers, a woman-owned investment banking firm, is pleased to have participated in their first corporate debt transaction. Historically Stern Brothers has focused on the municipal finance space, but is now pleased to have expanded its investment banking services to include corporate finance and broader capital markets services.
Last week Citibank, N.A. priced a $2 billion, 3-year, deal comprised of $1.3 billion fixed-rate and $700 million floating-rate bank notes. Stern Brothers served as a Jr. Co-manager on this transaction.
“Stern Brothers is pleased to expand into the corporate debt arena. We now are able to serve a broader client base” said Peggy Finn, Chairman & CEO, “including financial institutions, state and local governments, and institutional and individual investors”.
Since its inception in 1917, Stern Brothers has built a solid reputation and track record of putting clients first. After 100 years, the Firm continues to grow, adding additional business strategies to meet client’s needs.
About Stern Brothers
Stern Brothers is an independent, certified wholly woman-owned business enterprise (WBE) investment bank whose primary focus is public and infrastructure finance. Founded in 1917, Stern Brothers specializes in crafting customized financing solutions to meet the capital funding needs for our issuing clients and public and private borrowers.
Stern Brothers has offices in Atlanta, Cleveland, Denver, Houston, Kansas City, Los Angeles, New York, New Jersey and St. Louis.
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