Citi Client Casebook Middle East and Africa 2022

Liquidity and Working Capital 19 IBP partnered with Citi to ensure the successful execution of various trades associated with the ~US$450m rights issue and the implementation of the bridging loan. Several product partners worked across regions to deliver a comprehensive solution that was awarded due to best price execution and the bank’s credibility and ability to deliver in a complex market. We set out to obtain a clear understanding of our client’s needs and objectives and proposed a holistic, bespoke solution. We provided an attractively priced foreign currency bridge loan which reduced the company’s interest cost, plus a comprehensive hedging programme. We also leveraged our sound understanding of the local market and our global connectivity. There was strong collaboration between our respective teams across several countries and Citi is delighted to have partnered with International Breweries on this truly remarkable award-winning project.” Nneka Enwereji Executive Director, Citi, Nigeria