Citadel LP, the hedge fund firm founded by Ken Griffin, is aiming to raise at least $500 million through a corporate bond offering, sources familiar with the matter revealed. The sale could include bonds with maturities spanning five to 10 years, according to individuals who requested anonymity due to the confidential nature of the deal.
Despite inquiries, Citadel representatives declined to comment on the transaction.
As of January 1, Citadel, which oversees approximately $65 billion in investment capital, holds a Baa2 rating from Moody’s and a BBB rating from S&P Global Ratings. These ratings are notably eight steps below the top AAA investment-grade rating. The firm posted a solid 15% return on its flagship strategy in 2024.
The bond offering is being coordinated by major financial institutions including Morgan Stanley, Bank of America Corp., and Goldman Sachs Group Inc., who facilitated investor calls earlier this week. Representatives from Goldman Sachs and Bank of America declined to comment, while Morgan Stanley has yet to respond to requests for comment.
Related topic:
Vistra Shares Surge on Nuclear Energy Optimism
