Bond CitiCorp 3% ( US17298CHM38 ) in USD

Issuer	CitiCorp
Market price	87.293 % ▼
Country	United States
ISIN code	US17298CHM38 ( in USD )
Interest rate	3% per year ( payment 2 times a year)
Maturity	23/12/2031
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Minimal amount	1 000 USD
Total amount	9 683 000 USD
Cusip	17298CHM3
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	23/12/2025 ( In 143 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 investment opportunity in a corporate bond issued by Citigroup, a prominent global financial services company, is currently available on the market, offering investors exposure to the banking sector. Citigroup, headquartered in New York City, stands as a leading diversified financial services holding company, providing a broad range of financial products and services including consumer banking, corporate and investment banking, securities brokerage, transaction services, and wealth management to clients worldwide, underscoring its significant position within the global financial ecosystem. This particular fixed-income instrument, identified by ISIN US17298CHM38 and CUSIP 17298CHM3, is a United States-issued bond denominated in US Dollars (USD). It carries a fixed coupon rate of 3%, indicating the annual interest payment relative to its face value, with interest payments scheduled to occur twice per year, aligning with a semi-annual frequency. The bond is set to mature on December 23, 2031, providing a defined period for the investment. As of current market data, the bond is trading at 87.293% of its par value, which signifies it is trading at a discount, potentially offering an attractive yield to maturity for investors. The creditworthiness of this issuance is affirmed by its investment-grade ratings from major rating agencies: Standard & Poor's (S&P) has assigned a rating of BBB+, while Moody's provides an A3 rating, both indicating a moderate to low credit risk and the issuer's strong capacity to meet its financial commitments. The total size of this bond issuance amounts to 9,683,000 USD, with a minimum purchase size set at 1,000 USD, making it accessible to both institutional and individual investors looking to include a stable, investment-grade fixed-income asset in their portfolios.