Bond Citi Global Markets 0% ( XS2811855944 ) in USD

Issuer	Citi Global Markets
Market price	100 % ▲
Country	United States
ISIN code	XS2811855944 ( in USD )
Interest rate	0%
Maturity	29/05/2026
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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. This financial instrument, identified by ISIN XS2811855944, is an obligation issued by Citigroup Global Markets Holdings. Citigroup Global Markets Holdings is a crucial entity within the broader Citigroup Inc. conglomerate, a globally diversified financial services holding company. As a subsidiary, it primarily functions as an issuing vehicle for a wide array of securities, including debt instruments and structured products, facilitating capital markets activities for the group and its clients. Its issuances are implicitly backed by the financial strength of the wider Citigroup organization, a prominent player in global banking, investment banking, and financial markets. This specific bond, issued from the United States and denominated in U.S. Dollars (USD), features a maturity date of May 29, 2026. A distinctive characteristic of this security is its stated interest rate of 0%, indicating it functions as a zero-coupon instrument, designed not to pay periodic interest. Currently, the bond is trading at 100% of its nominal value on the market, a valuation that in conjunction with its zero-coupon nature, often implies it may be a principal-protected note or a structured product. Furthermore, its terms indicate a payment frequency of two, which typically signifies semi-annual periods; for a zero-coupon instrument, this frequency would not pertain to traditional interest coupon disbursements but rather could relate to scheduled observation dates, calculation periods, or other specific features inherent in certain structured financial products.