Bond CitiCorp 2.25% ( US17298CHW10 ) in USD

Issuer	CitiCorp
Market price	91.385 % ▼
Country	United States
ISIN code	US17298CHW10 ( in USD )
Interest rate	2.25% per year ( payment 2 times a year)
Maturity	24/02/2030
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Minimal amount	1 000 USD
Total amount	16 000 000 USD
Cusip	17298CHW1
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	24/08/2025 ( In 22 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. Citigroup Bond Overview: A Detailed Financial Analysis This report provides an in-depth financial analysis of a specific debt instrument issued by Citigroup, a globally diversified financial services holding company headquartered in the United States. As one of the world's largest financial institutions, Citigroup operates across a vast array of services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management, playing a pivotal role in the global financial ecosystem. The bond under review, identified by ISIN US17298CHW10 and CUSIP 17298CHW1, is a fixed-income security issued out of the United States. It carries a fixed annual interest rate, or coupon, of 2.25%, with interest payments disbursed to bondholders semi-annually. This particular issue is denominated in United States Dollars (USD) and is set to mature on February 24, 2030, offering a defined repayment schedule to investors. The total size of this bond issuance amounts to $16,000,000, indicating a significant, though not exceptionally large, offering in the market. Accessibility for investors is facilitated by a minimum purchase size set at $1,000. As of the latest market data, the bond is trading at 91.385% of its par value, indicating it is currently priced at a discount in the secondary market. The creditworthiness of this obligation is well-regarded by leading independent rating agencies; Standard & Poor's (S&P) has assigned a 'BBB+' rating, while Moody's provides an 'A3' rating. Both ratings fall within the investment-grade category, reflecting Citigroup's robust financial health and its strong capacity to meet its financial commitments, thereby providing a measure of security to bondholders.