Citi and Fortis launch managed-equity programme


Citi has launched a managed-equity programme jointly with Fortis Investments, a Brussels-based investment manager. Called Botticelli, the programme comprises a variety of equity tranche-linked notes, each offering different risk-return characteristics. Citi and Fortis will market the transaction in Asia, Europe, the Middle East and the US. The first pricing will occur in mid-April.

Many market participants expect the current benign credit-default environment to continue, say Citi and Fortis.

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