Bond Chicagoland 0% ( US167501VG73 ) in USD

Issuer	Chicagoland
Market price	100 % ⇌
Country	United States
ISIN code	US167501VG73 ( in USD )
Interest rate	0%
Maturity	01/12/2029
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	5 000 USD
Total amount	20 145 000 USD
Cusip	167501VG7
Detailed description	Chicago is a major city in Illinois known for its iconic architecture, vibrant cultural scene, and significant contributions to American industry and commerce. This financial instrument is categorized as a bond, uniquely identified by ISIN US167501VG73 and CUSIP 167501VG7. The issuer, the City of Chicago, is a significant governmental entity within the United States, responsible for managing one of the nation's largest urban economies and providing essential public services, often funding its capital projects and operational needs through the issuance of municipal debt. This specific bond, denominated in US Dollars (USD), is reported to have a current market price of 100% of its face value. Notably, it features a 0% interest rate, which typically designates it as a zero-coupon bond where investor returns are realized from the difference between the purchase price and the par value at maturity; however, its current trading at 100% with a 0% rate for a bond maturing on December 1, 2029, suggests a highly specific or structured instrument, such as a capital appreciation bond (CAB) where interest accrues and is paid at maturity rather than periodically, or it could imply other unique terms. Despite a listed payment frequency of 2, standard for semi-annual coupon disbursements, this would not apply to periodic interest payments given the 0% rate. The total outstanding size of this issuance is $20,145,000, with a minimum purchase amount of $5,000. Investors in this instrument will receive their principal repayment upon its maturity on December 1, 2029.