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2026-09-17 23:54:12
[Citigroup and Wells Fargo Issue Investment-Grade Bonds Following Fed Rate Hike] Citigroup and Wells Fargo are selling investment-grade bonds following the Federal Reserve's first policy rate hike in three years and easing credit risk concerns. Citigroup plans to raise at least $10 billion through a four-part transaction, with bonds ranging from 3 to 11 years; Wells Fargo plans to raise at least $5 billion through three tranches of bond issuance, with bonds ranging from 4 to 11 years. This financing comes shortly after the Fed's 25-basis-point rate hike, which also hinted at another rate hike later this year, helping to ease investor concerns about inflation.
