Bond CitiCorp 3.125% ( US1730T32A04 ) in USD

Issuer	CitiCorp
Market price	100 % ▲
Country	United States
ISIN code	US1730T32A04 ( in USD )
Interest rate	3.125% per year ( payment 2 times a year)
Maturity	15/09/2031
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Minimal amount	1 000 USD
Total amount	2 786 000 USD
Cusip	1730T32A0
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
Next Coupon	15/09/2025 ( In 44 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. A detailed analysis of a recently observed bond issuance reveals key characteristics relevant to fixed-income investors. This particular bond, identified by its ISIN US1730T32A04 and CUSIP 1730T32A0, is currently trading at 100% of its par value in the market, denominated in USD. It offers a coupon rate of 3.125% and reaches maturity on September 15, 2031. The bond's total issue size amounts to $2,786,000,000, with a minimum purchase size of $1,000, making it accessible to a range of investors. Interest payments are scheduled with a frequency of two times per year, indicating semi-annual disbursements. The issuer of this security is Citigroup, a globally recognized diversified financial services holding company based in the United States. As one of the largest banking institutions in the world, Citigroup provides a wide range of financial products and services, including consumer banking, corporate and investment banking, and wealth management, serving individuals, corporations, governments, and institutions across more than 160 countries and jurisdictions. Its extensive operations are critical to global financial markets, positioning it as a significant entity within the financial ecosystem. The bond's creditworthiness is assessed by leading independent rating agencies. Standard & Poor's (S&P) has assigned a rating of BBB+, while Moody's provides a rating of A3. Both ratings fall within the investment-grade category, signifying a relatively low credit risk. A BBB+ rating from S&P indicates that the issuer has adequate capacity to meet its financial commitments, but adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to meet financial commitments. An A3 rating from Moody's suggests that obligations are subject to low credit risk, though they may be susceptible to impairment in the event of adverse business, financial, or economic conditions. These ratings are crucial for investors in evaluating the risk profile of their potential fixed-income investments. Issued from the United States, this bond represents a significant offering from a major global financial institution, presenting an investment-grade opportunity at par value in the current market.