Citi closed its Korean consumer banking franchise yet acted as issuing and paying agent for Hana Bank’s first $100 million digital bond on Euroclear D-FMI. The deal settled same day and listed on Singapore Exchange. A retail withdrawal looks like retreat. The transaction shows it is a repositioning.
💡 Frequently Asked Questions (FAQ)
- Q: Did Citibank completely leave Korea after exiting retail banking?
- A: No. While Citi closed its Korean consumer franchise, it remains active in capital markets, serving as issuing and paying agent for Hana Bank’s digital bond.
- Q: What was Hana Bank’s first digital bond deal?
- A: A $100 million digital bond issued on Euroclear D-FMI, which settled same day and was listed on the Singapore Exchange.
- Q: What does Citi’s role in the deal signal?
- A: It shows Citi’s Korean withdrawal is a repositioning from retail banking to institutional, capital markets and digital finance services.