Bond CitiCorp 3.75% ( US1730T0X203 ) in USD

Issuer	CitiCorp
Market price	96.327 % ▼
Country	United States
ISIN code	US1730T0X203 ( in USD )
Interest rate	3.75% per year ( payment 2 times a year)
Maturity	19/09/2029
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Minimal amount	1 000 USD
Total amount	5 000 000 USD
Cusip	1730T0X20
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	19/09/2025 ( In 48 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. This financial analysis centers on a specific debt instrument, an obligation identified by ISIN US1730T0X203 and CUSIP 1730T0X20, issued by Citigroup, a globally significant diversified financial services corporation. Headquartered in the United States, Citigroup is one of the world's largest banking institutions, providing a wide array of financial products and services including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management to consumers, corporations, governments, and institutions. This particular bond, denominated in USD, features a fixed interest rate of 3.75% and is set to mature on September 19, 2029. Investors are slated to receive interest payments with a frequency of two times per year, translating to semi-annual distributions. The total size of this issuance amounts to $5,000,000, with a minimum purchase size set at $1,000. The bond is currently quoted on the market at 96.327% of its par value, indicating it is trading at a discount. Reflecting the issuer's robust financial standing and capacity to meet its obligations, the bond has garnered investment-grade credit ratings from prominent agencies: Standard & Poor's has assigned a rating of BBB+, while Moody's has provided an A3 rating. These ratings underscore the instrument's relative stability and the issuer's strong credit profile within the global financial landscape.