Citi’s institutional business in Taiwan saw a significant acceleration in 2021 with numerous transactions across industries including technology, consumer, renewables and financial services.
Citi’s Taiwanese institutional clients have been ramping up their efforts to take advantage of the growth environment in areas such as supply chain diversification.
«Taiwan is home to many world-class companies and we are committed to supporting their ambitions,» according to a statement citing Christie Chang, head of banking, capital markets and advisory for Citi Taiwan and chair of APAC corporate banking.
M&A
Within mergers and acquisitions, the American lender advised on five Taiwan-related deals in recent years, including three in 2021.
The deals this year spanned across businesses related to semiconductor assembly and testing, renewable energy and retail food.
Fundraising
Citi has also supported billions of dollars in fundraising for Taiwan corporates across local and global capital markets.
Within equity capital markets, the bank supported fundraising that totaled nearly $1.5 billion in 2021 across businesses linked to financial services, semiconductors and other electronics manufacturing. And within debt capital markets, it helped raise $8 billion, also for manufacturing-related businesses.
Trade Corridors
According to Citi, some of its largest growth in flows this year originated from trade corridors involving Taiwan with a nearly 50 percent increase in Taiwan-to-India flows and around a 20 percent increase in Taiwan-to-ASEAN flows.
The bank has also observed strong inbound flows into Taiwan, most notably from companies in Australia, India and Japan.
«There is a massive transformation happening across all industries and with a global network this has helped sharpen Citi’s dialogue with clients in Taiwan as they increasingly want a regional and global perspective,» Chang added.
