Bond Citi Global Markets Finance 0% ( XS1853954722 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS1853954722 ( in USD )
Interest rate	0%
Maturity	23/08/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	500 000 USD
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. A financial instrument identified by ISIN XS1853954722, issued as a bond by Citigroup Global Markets Funding, a dedicated funding vehicle operating under the umbrella of Citigroup Inc., one of the world's largest and most prominent global financial services companies headquartered in the United States, was denominated in USD and issued from Luxembourg, a common jurisdiction for international debt listings. This particular debt security had a total issuance size of $500,000, with a minimum purchase threshold set at $1,000. Characterized by a zero-coupon structure, indicated by its 0% interest rate, this bond did not provide recurring interest payments; instead, investors typically purchased it at a discount to its face value and realized their return through its redemption at par upon maturity, with the "payment frequency of 1" referring to this singular principal repayment event. The bond reached its scheduled maturity date on August 23, 2023, and has since been fully repaid to bondholders, with its final market price reflecting its principal redemption at 100% of its face value, thereby completing its lifecycle as a debt obligation.