Bond CitiCorp 0% ( XS1173306132 ) in USD

Issuer	CitiCorp
Market price	100 % ⇌
Country	United States
ISIN code	XS1173306132 ( in USD )
Interest rate	0%
Maturity	06/02/2045
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Minimal amount	1 000 000 USD
Total amount	30 000 000 USD
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 noteworthy fixed-income instrument, identified by its ISIN XS1173306132, has been issued by Citigroup. Citigroup, a leading global diversified financial services holding company headquartered in the United States, offers a broad spectrum of financial products and services, encompassing consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management, serving millions of clients across over 160 countries and jurisdictions. This specific bond, originating from the United States, is currently quoted at 100% of its face value, denominated in USD, and features a maturity date of February 6, 2045. The total issue size for this security is 30,000,000 USD, with a minimum investment threshold of 1,000,000 USD. Uniquely, this bond carries a 0% interest rate, classifying it as a zero-coupon bond where investor returns are realized from capital appreciation at maturity rather than through periodic interest disbursements, notwithstanding a specified payment frequency of twice annually that typically relates to coupon payments.