Citigroup Raises €2.75 Billion From Bond Offering in Europe

Citigroup Inc. jumped into Europe’s primary market on Wednesday as major US banks look to raise funds quickly after reporting quarterly earnings.

The New York-based lender secured €2.75 billion ($3.2 billion) from the sale of five-year and nine-year euro-denominated fixed-to-floating rate notes callable one year before maturity, according to a person familiar with the matter.