Citi and UBS Financial Services Inc. entered a municipal distribution deal that will bring Citi's network of financial advisors to 17,000 brokers, and provide UBS's high net worth clients with access to Citi's new issue products.

The two companies have had a similar deal for secondary market trading for the past year. The additional primary market agreement means Citi will have access to the UBS Wealth Management Americas network of more than 7,000 financial advisors. The agreement is effective Jan. 16, the companies said in a press release Tuesday.

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