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Citigroup Set to Raise $12 Billion in Its Biggest-Ever Bond Sale
Source: Bloomberg
Credit & Bond MarketsBanking & LiquidityInterest Rates & Yields
Citigroup is set to raise $12 billion in its largest-ever US dollar bond sale, taking advantage of a credit-market rally following the Federal Reserve's rate hike. The transaction signals receptive funding conditions for major banks despite higher policy rates and could support broader financial-sector debt issuance.
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