Bond Citi Global Markets 0% ( US17324P2487 ) in USD

Issuer Citi Global Markets
Market price 17.58 %  ▼ 
Country  United States
ISIN code  US17324P2487 ( in USD )
Interest rate 0%
Maturity 05/12/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 2 887 000 USD
Cusip 17324P248
Moody's rating A2 ( Upper medium grade - Investment-grade )
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.

The US17324P2487 bond, identified by CUSIP 17324P248, a debt instrument issued by Citigroup Global Markets Holdings, has successfully matured and been redeemed, completing its lifecycle as of December 5, 2023. This obligation, denominated in USD, was structured as a zero-coupon bond, meaning it did not feature periodic interest payments, with its returns realized at maturity. Issued out of the United States, the total nominal value of this particular issuance stood at USD 2,887,000, with a minimum purchase threshold set at USD 1,000. While a reported market price indicated 17.58% prior to its redemption, reflecting its specific market dynamics, the bond's operational details listed a payment frequency of 2 despite its zero-coupon structure. Citigroup Global Markets Holdings, the issuer, is a significant subsidiary of Citigroup Inc., a leading global financial services company, commonly utilized for the issuance of various financial instruments, including structured notes and debt securities, leveraging the strong credit backing and global presence of its parent corporation. This specific bond carried a credit rating of A2 from Moody's, signifying its investment-grade quality as assessed by the rating agency. The bond's redemption on its stated maturity date ensures the full repayment of principal to its holders, concluding its term in the market.