Citi Eyes ‘Complex’ Debt Swaps Once Dominated by Credit Suisse

Citigroup Inc. is looking to expand its footprint in a market that’s so far been dominated by Credit Suisse, according to a senior banker at the Wall Street firm.

Jay Collins, vice chairman of banking, capital markets and advisory, said Citi is “absolutely interested” in arranging new deals in the market for debt-for-nature swaps, which allows countries to restructure their debt in exchange for promises to protect the environment.

There are requests for proposals out there that “Citi is and will participate in to help get these deals done,” Collins said in an interview.

Jay Collins

Photographer: Sarah Pabst/Bloomberg

Before its near-collapse ...