Citigroup Reasserting Itself in Debt Market After Meeting Regulatory Obligations

[kreslik.news]

The US debt market welcomed back another key player this week, with Citigroup Inc. re-entering the playing field after a nearly two-year absence, culminating in the sale of around $2.5 billion in bonds, according to a Bloomberg report.

Citigroup’s past exit from the debt market two years ago was facilitated by a shift in domestic regulations, which ultimately forced the lender to emphasize the issuing of more expensive debt. Those days are over however, with its latest sale of $2.5 billion of bonds backed by customers’ credit-card balances.

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