Bond CitiCorp 0% ( US1730T06X25 ) in USD

Issuer	CitiCorp
Market price	143.091 % ▲
Country	United States
ISIN code	US1730T06X25 ( in USD )
Interest rate	0%
Maturity	28/04/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	768 000 USD
Cusip	1730T06X2
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 analysis of the now-matured Citigroup bond, identified by ISIN US1730T06X25 and CUSIP 1730T06X2, reveals a zero-coupon debt instrument issued from the United States by Citigroup, a prominent global diversified financial services holding company operating across numerous jurisdictions and offering a wide array of financial products and services including consumer and investment banking; this specific USD-denominated bond, with a total issue size of 768,000 and a minimum purchase amount of 1,000, notably featured a 0% interest rate, implying it was designed for investors to gain from the discount at which it was purchased relative to its par value at redemption, rather than through periodic coupon payments, despite a noted payment frequency of 2 which would not apply to coupons in this context; its market performance, prior to its redemption, saw its last observed price reach 143.091% of par, reflecting significant market valuation; ultimately, this bond reached its maturity on April 28, 2022, and has since been fully repaid, concluding its lifecycle as a financial obligation.