Political and economic instability have kept Pakistan out of the bond markets for the best part of the past decade. However, with the reform-minded Nawaz Sharif government instilling confidence in investors, Citi has helped to facilitate the country's return to the markets.
German bank KfW's transparency and impact-measurement programme when it comes to green bonds have set it apart in the euro, US dollar and Australian dollar markets. Given this success, it extended its remit to the quieter sterling market in July, with impressive results.