Bond Citi Global Markets Finance 0% ( FR0014007AO0 ) in EUR

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	FR0014007AO0 ( in EUR )
Interest rate	0%
Maturity	24/03/2032
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Detailed description	Citigroup Global Markets Funding is a division of Citigroup that provides financing solutions to institutional clients, primarily in the areas of securities lending, repurchase agreements, and other short-term funding arrangements. A detailed examination reveals a distinct financial instrument issued by Citigroup Global Markets Funding, designated as a bond with the International Securities Identification Number (ISIN) FR0014007AO0. The issuer, Citigroup Global Markets Funding, serves as a crucial financing arm within the expansive Citigroup Inc. conglomerate, a globally diversified financial services holding company. This subsidiary facilitates the parent company's access to capital markets, supporting its extensive operations spanning investment banking, consumer banking, and wealth management worldwide, with its credit standing closely tied to that of the overarching Citigroup entity. The bond originates from Luxembourg, a jurisdiction widely recognized as a sophisticated international financial hub, chosen for its robust regulatory environment and established capital market infrastructure, which can enhance appeal and facilitate distribution to a broad investor base. Currently, the bond is observed trading at 100% of its par value on the market, indicating that its present price aligns precisely with its face value, reflecting prevailing market conditions and investor sentiment towards the issuer. Denominated in Euros (EUR), this dictates that all principal payments and any realized returns will be settled in the common European currency, inherently linking the investment's performance to Eurozone economic dynamics. A defining characteristic of this bond is its 0% interest rate, categorizing it as a zero-coupon bond, meaning investors do not receive periodic interest payments throughout the bond's life; instead, the return is generated solely from the difference between the discounted purchase price and the full face value received upon maturity. This specific bond is set to mature on March 24, 2032, providing a long-term investment horizon. Consistent with its zero-coupon nature, the listed payment frequency of "1" signifies that there is a single payment event, which is the principal repayment made at maturity, where the investor recoups the full face value, representing both their original capital and the accrued interest as a capital gain.