Bond CitiCorp 0% ( XS1273437647 ) in USD

Issuer	CitiCorp
Market price	100 % ⇌
Country	United States
ISIN code	XS1273437647 ( in USD )
Interest rate	0%
Maturity	14/08/2050
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Minimal amount	1 000 000 USD
Total amount	100 000 000 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 financial market update highlights a notable bond instrument with ISIN code XS1273437647, issued by Citigroup, a prominent global diversified financial services holding company. Headquartered in the United States, Citigroup is one of the world's largest banking institutions, providing a broad range of financial products and services to consumers, corporations, governments, and institutions across more than 160 countries and jurisdictions. This particular bond, denominated in USD and issued in the United States, is currently observed trading at 100% of its par value on the market. With a maturity date set for August 14, 2050, it represents a long-term fixed-income opportunity. A key characteristic of this bond is its 0% interest rate, classifying it as a zero-coupon bond, meaning investors typically purchase it at a discount and receive the full face value at maturity, with the return derived from the capital appreciation. Despite its zero-coupon nature, a payment frequency of two is indicated, conventionally signifying semi-annual periodicity, though the primary payment for such an instrument is the principal repayment at maturity. The total size of this bond issuance amounts to USD 100,000,000, with a significant minimum purchase size set at USD 1,000,000, primarily catering to institutional investors or high-net-worth individuals seeking large-scale allocations in corporate debt. This offering underscores Citigroup's continued engagement in capital markets to manage its funding requirements and diversify its financial liabilities.