Reuters Three of the six largest U.S. banks raised 23.25 billion in new bonds on Tuesday, kicking off an expected heavy week for new bank debt.

Wells Fargo, tapped the bond market on Tuesday for 8 billion in fixed and floatingrate notes, in addition to senior unsecured fixedtofloating rate paper.

Meanwhile, JPMorgan, sold 8.5 billion in fixed and floatingrate notes, while Morgan Stanley, issued 6.75 billion in fixed notes and floaters. Both banks39; bond sales came in four tranches with different maturities of senior unsecured notes.

The deals follow a long list of Friday and Tuesday earnings releases from these and other global systemically important banks GSIBs.

In addition to Wells Fargo, JPMorgan and Morgan Stanley, other banks that reported fourthquarter earnings on Friday and Tuesday include Bank of America, BNY Mellon, and Citigroup, and Goldman Sachs.

January has historically been the biggest month for banks to issue bonds. According to data from Informa Global Markets, the last seven Januarys have seen an average 22.58 billion in issuance from the Big Six banks JPMorgan, Citi, Bank of America, Wells Fargo, Goldman Sachs and Morgan Stanley.

The outlier was last January, which saw only 9 billion raised by the Big Six, according to the Informa data.

At least 11 investmentgrade IG bond offerings, including Wells Fargo, JPMorgan and Morgan Stanley, are expected to price on Tuesday.

These include a 500 million threeyear bond for cereal maker General Mills, and…