The US bank has retained the second position in the issuer ranking of registered structured notes in the US in 2024.
Citi has closed the year with US$13.9 billion gross sales, or 9.8% of the market, coming in second at a distance from J.P. Morgan’s US$21.1 billion. This compares to US$11.6 billion booked by Citigroup in 2023, translating to a 19.8% increase year-on-year (YoY), SRP data shows. The US registered structured notes market maintained its momentum in primary activities, hitting an all-time high annualised sales of US$142 billion sales in 2024, a 41.7% jump from the prior year. Th