Cleary lands latest citi equity offering

Cleary Gottlieb Steen & Hamilton has advised on Citigroup’s third equity offering so far this year. New York partners Alan Beller and Jeff Karpf led the team advising the investment bank on its $4.5bn (£2.3bn) common stock offering. The equity offering comes just a week after Karpf and Beller advised the bank on the issuance of $6bn (£3.07bn) of preferred stock. Sullivan & Cromwell partner Mitch Eitel worked alongside the Cleary team as co-counsel advising on regulatory matters.