Bond CitiCorp 3.29% ( US172967NL16 ) in USD

Issuer	CitiCorp
Market price	99.88 % ⇌
Country	United States
ISIN code	US172967NL16 ( in USD )
Interest rate	3.29% per year ( payment 2 times a year)
Maturity	17/03/2026
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Minimal amount	1 000 USD
Total amount	1 750 000 000 USD
Cusip	172967NL1
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	17/09/2025 ( In 46 days )
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 in-depth analysis of a specific Citigroup bond issuance, identified by ISIN US172967NL16 and CUSIP 172967NL1, offers key insights for the investment community. This obligation is issued by Citigroup, a major global diversified financial services holding company headquartered in the United States, which stands as one of the world's largest banking institutions providing an extensive array of financial products and services, encompassing consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management, serving a vast client base of consumers, corporations, governments, and institutions across over 160 countries and jurisdictions. The bond, denominated in USD, currently trades on the market at 99.88% of its par value and offers a fixed annual interest rate of 3.29%, with its maturity date set for March 17, 2026, and interest payments distributed twice annually. The total size of this particular issuance is a significant $1,750,000,000, with a minimum investment threshold of $1,000. Evaluating its creditworthiness, the bond has been assigned an investment-grade rating of BBB+ by Standard & Poor's (S&P) and an A3 rating by Moody's, reflecting the issuer's strong capacity to meet its financial obligations, albeit with varying degrees of susceptibility to adverse economic conditions as indicated by the distinct agency assessments.