Citigroup Scores Big with Record-Breaking Bond Sale

Citigroup Inc. has successfully raised $12 billion in its largest-ever US dollar bond sale, according to a Bloomberg Terminal report.

The Wall Street heavyweight seized an opportunity to sell debt after the Federal Reserve hiked rates, drawing about $40 billion of peak demand for Thursday's deal, or roughly 3.3 times the size of the offering.

This massive response from investors indicates a renewed confidence in credit markets following the interest rate increase.