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[Citigroup is set to raise US$12 billion through the largest issuance of US dollar bonds in the bank’s history] On September 18th, Citigroup plans to raise US$12 billion through the largest issuance of US dollar bonds in its history. Credit markets strengthened after the Federal Reserve raised interest rates on Wednesday, with the bank seizing the opportunity to issue debt financing. The major Wall Street bank's bond issuance on Thursday attracted peak subscription demand of about $40 billion, equivalent to about 3.3 times the size of the issuance, according to people familiar with the matter.
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