The Financial Post reports in its Wednesday, April 24, edition that Citigroup sold a large debt offering in the Canadian-dollar bond market for the first time in nearly a decade as U.S. banks seek to diversify funding after reporting earnings. A Bloomberg dispatch to the Post reports that unnamed sources say Citigroup issued $1-billion of fixed-to-floating rate notes that mature in four years and can be called after three. The offer drew orders more than twice the size of the deal from 48 buyers, according to sources. A floating-rate component of the offering was dropped prior to pricing. The deal marks Citigroup's first large public offering in Canada since 2015, according to data compiled by Bloomberg. That $600-million deal has a 4.09-per-cent coupon and will mature next year. The bank sold loonie-denominated debt in small pieces in 2021 and 2023, Bloomberg-compiled data show. Monday's deal comes after the bank reported better-than-expected earnings more than a week ago. It is the second maple bond offering from a large U.S. bank in the past week, following Wells Fargo & Co's $1.25-billion deal that drew orders twice its size.