ET 23:55

Citadel Finance LLC Secures $1.25B via US Bond Offering

Citadel Finance LLC, a hedge fund vehicle of Citadel LLC, raised $1.25 billion through a two-part US bond offering to repay debt, with proceeds potentially available for general corporate purposes. The firm sold a $500 million three-year fixed-rate note and a $500 million five-year fixed-rate note. Pricing on the 2031 note tightened to 1.65 percentage points over the benchmark from 1.95 percentage points at initial discussions. The offering follows strong demand in the US bond market, where over $40 billion of issuance was absorbed this week, and firms sold nearly $309 billion in US dollar bonds in 2026, according to Bloomberg data.

EditorJack Lee