Citi entered into a partnership with TMC Bonds LLC to offer new- issue municipal bonds through the retail fixed-income trading system's network of dealers, an agreement that will increase and enhance the global investment bank's overall distribution and digital trading capabilities.

The agreement will give pre-approved firms an opportunity to participate in Citi's negotiated retail primary offerings, the companies said in a press release. It will also allow firms that historically have not had access to new-issues to participate in retail order periods as virtual members of syndicates.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.