Bond Citi Global Markets 0% ( US173074JR71 ) in USD

Issuer	Citi Global Markets
Market price	100 % ⇌
Country	United States
ISIN code	US173074JR71 ( in USD )
Interest rate	0%
Maturity	20/12/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	35 750 000 USD
Cusip	173074JR7
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	Citigroup Global Markets Holdings Inc. is a subsidiary of Citigroup Inc. providing a wide range of financial services, including securities brokerage, investment banking, and trading across various asset classes globally. An in-depth review of a recently matured debt instrument reveals key characteristics of a bond issued by Citigroup Global Markets Holdings, a pivotal subsidiary within the broader Citigroup Inc. financial ecosystem; this entity plays a crucial role in Citigroup's capital markets operations, serving as a primary issuer of a diverse range of securities, including various debt instruments and structured products, thereby facilitating the group's global funding strategies and risk management endeavors. The specific obligation, identified by its ISIN US173074JR71 and CUSIP 173074JR7, originated from the United States with a total issuance size of 35,750,000 USD and a minimum purchase increment of 1,000 USD, characterized by a 0% interest rate, indicating its nature as a zero-coupon bond where the investor's return derives from the difference between the purchase price and the full principal repayment at maturity. Despite a listed payment frequency of two, typical of semi-annual coupon distributions which are not applicable to a 0% interest bond, the ultimate financial event for this security was the principal repayment on its maturity date of December 20, 2023, at which point it was trading at 100% of its par value in USD, confirming its successful and complete redemption.