Citi plans to raise $12 billion through its largest dollar bond offering in history. The credit market strengthened after the Federal Reserve raised interest rates on Wednesday, and the bank seized this opportunity to issue bonds for financing. According to people familiar with the matter, the major Wall Street bank's bond issuance on Thursday attracted a peak of subscription demand of about 40 billion US dollars, which is equivalent to about 3.3 times the issuance scale.

Citi plans to raise $12 billion through its largest dollar bond offering in history. The credit market strengthened after the Federal Reserve raised interest rates on Wednesday, and the bank seized this opportunity to issue bonds for financing. According to people familiar with the matter, the major Wall Street bank's bond issuance on Thursday attracted a peak of subscription demand of about 40 billion US dollars, which is equivalent to about 3.3 times the issuance scale.