Heat oven to 325℉. Grease and flour a 12-cup Bundt pan. Set aside.
In a large mixing bowl mix sugar, butter, and eggs until light and fluffy. Add all remaining ingredients and mix well. Spoon into prepared pan.
Bake at 325℉. for 50 to 55 minutes or until a toothpick inserted near the center comes out clean. Cool 10 minutes and then remove from pan to cool completely on a wire rack.
Once cool, drizzle with peanut butter glaze.
Make the Glaze: In a medium bowl mix the confectioners’ sugar and peanut butter. Gradually add milk until drizzling consistency. Mix until smooth and drizzle over Bundt cake.