Bond Citi Global Markets Finance 0% ( XS1837229647 ) in RUB

Issuer Citi Global Markets Finance
Market price 100 %  ⇌ 
Country  Luxembourg
ISIN code  XS1837229647 ( in RUB )
Interest rate 0%
Maturity 10/07/2023 - Bond has expired



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Minimal amount 1 000 RUB
Total amount 34 900 000 RUB
Detailed description 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.

An analysis of a recently concluded debt instrument lifecycle reveals key characteristics of a bond issued by Citigroup Global Markets Funding, identified by its International Securities Identification Number (ISIN) XS1837229647. Citigroup Global Markets Funding functions as a dedicated financing vehicle within the broader Citigroup Inc. conglomerate, a globally recognized diversified financial services holding company. Headquartered in New York City, Citigroup Inc. operates across a vast array of financial sectors including consumer banking, corporate and investment banking, and wealth management, serving clients in numerous countries and jurisdictions. This specific funding entity plays an integral role in raising capital through various debt issuances to support the extensive operations and strategic growth initiatives of its parent company on a global scale. This particular bond, denominated in Russian Rubles (RUB), was issued in Luxembourg, a prominent European financial center renowned for facilitating international capital market transactions. The total issue size for this instrument amounted to 34,900,000 RUB, with a minimum investment denomination set at 1,000 RUB. A defining feature of this bond was its 0% interest rate, indicating it was structured as a zero-coupon bond, which typically means investors purchase the bond at a discount to its face value and receive the full principal amount upon maturity, representing their return. The bond reached its scheduled maturity on July 10, 2023, and was recorded at 100% of its par value at that time, confirming its full repayment. Consistent with the nature of a zero-coupon instrument, the "payment frequency" effectively refers to the single principal repayment event occurring at the bond's maturity, signifying the successful fulfillment of the issuer's financial obligation and the completion of the bond's term.