Bond Citi Global Markets 0% ( XS1389228559 ) in USD

Issuer Citi Global Markets
Market price 100 %  ▲ 
Country  United States
ISIN code  XS1389228559 ( in USD )
Interest rate 0%
Maturity 06/02/2024 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount 1 000 USD
Total amount 1 523 000 USD
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 analysis of the recently matured debt instrument, ISIN XS1389228559, issued by Citigroup Global Markets Holdings, confirms its successful repayment to investors. Citigroup Global Markets Holdings, an integral part of the globally recognized financial services conglomerate Citigroup Inc., serves as a primary issuer of a diverse array of financial instruments, including structured products and various debt securities. Its issuances typically leverage the extensive financial strength and established reputation of the broader Citigroup entity, instilling confidence in investors regarding the fulfillment of its obligations. This particular obligation, categorized as a bond and denominated in United States Dollars (USD), originated from the United States and concluded its term on February 6, 2024. The total offering size for this issuance was USD 1,523,000, with an accessibility point for investors set at a minimum purchase size of USD 1,000 per unit. A defining characteristic of this bond was its 0% interest rate, unequivocally classifying it as a zero-coupon instrument. This structure implied that investors did not receive periodic interest payments throughout the bond's tenure; instead, any return was realized through the bond's acquisition at a discount and subsequent repayment at par, or simply via repayment at par if it was purchased at or near par, consistent with its reported 100% market price prior to maturity. While the bond's general terms indicated a payment frequency of 2, typically implying semi-annual periods, for a zero-coupon bond this refers to calculation or reporting intervals rather than actual coupon distributions. Upon reaching its maturity on the specified date, the bond was fully repaid at its par value of 100%, successfully completing its life cycle and fulfilling the issuer's commitment to its bondholders.