Citigroup Global Markets Funding is a division of Citigroup that provides financing solutions to institutional clients, primarily in the areas of securities lending, repurchase agreements, and other short-term funding arrangements.
This financial article details the specifics and resolution of a bond issuance identified by ISIN code XS1676928697, issued by Citigroup Global Markets Funding, an integral financing entity within the globally recognized Citigroup Inc., a leading global diversified financial services holding company offering a comprehensive range of financial products and services, including consumer and institutional banking, securities brokerage, and wealth management, to clients worldwide across more than 160 countries and jurisdictions. The bond originated from Luxembourg, its country of issuance, and its final redemption occurred at 100% of its nominal value, denominated in USD. Notably, the instrument featured a 0% interest rate, characterizing it as a zero-coupon bond, meaning no periodic interest payments were disbursed, with investor returns typically derived from its discount purchase and full principal repayment at maturity; despite a reported payment frequency of '2', this detail would primarily relate to observation periods rather than income distribution for a zero-coupon instrument. The total issuance size amounted to $6,000,000, with a minimum purchase size set at $1,000. This bond reached its maturity on October 20, 2022, and has since been fully repaid to its holders.
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XS1676928697 ( in USD )
