Bond CitiCorp 0% ( US17290ADJ60 ) in USD

Issuer	CitiCorp
Market price	100 % ⇌
Country	United States
ISIN code	US17290ADJ60 ( in USD )
Interest rate	0%
Maturity	23/09/2027
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Minimal amount	1 000 USD
Total amount	60 000 000 USD
Cusip	17290ADJ6
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Detailed description	Citigroup is a multinational investment bank and financial services corporation providing a wide range of financial products and services, including consumer banking, corporate and investment banking, securities brokerage, and asset management, across numerous global markets. An insightful examination of the debt capital markets highlights a notable bond issuance, Type: Obligation, from Citigroup, a globally diversified financial services holding company headquartered in the United States, identified by the distinctive ISIN US17290ADJ60 and CUSIP 17290ADJ6; this specific instrument is characterized as a zero-coupon bond, denominated in USD, scheduled to mature on September 23, 2027, with a total issuance size of $60,000,000 and a minimum purchase requirement of $1,000, and notably, despite a stated payment frequency of 2, its 0% interest rate structure confirms its nature as a zero-coupon instrument, meaning no periodic interest disbursements occur, with the full return realized at maturity as the bond, currently trading at 100% of its face value, implies it was issued at a discount, while Citigroup, as the issuer, is a pivotal player in the global financial landscape, offering a comprehensive array of services including consumer banking, corporate and investment banking, and wealth management, whose creditworthiness is further affirmed by investment-grade ratings from premier agencies, specifically a BBB+ from Standard & Poor's and an A3 from Moody's, underpinning its robust capacity to meet its financial commitments.