Bond Citi Global Markets Finance 0% ( XS1877179900 ) in USD

Issuer Citi Global Markets Finance
Market price 100 %  ⇌ 
Country  Luxembourg
ISIN code  XS1877179900 ( in USD )
Interest rate 0%
Maturity 16/10/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 2 503 000 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.

This financial analysis details the recently matured bond, identified by ISIN XS1877179900, issued by Citigroup Global Markets Funding, a specialized financing vehicle operating within the global financial services conglomerate Citigroup Inc. Headquartered in Luxembourg for this particular issuance, Citigroup Global Markets Funding plays a critical role in raising capital and managing funding activities across the extensive business lines of the multinational banking giant, which encompasses diverse operations including investment banking, retail banking, corporate banking, and wealth management on a global scale. The bond, denominated in USD, had a total issuance size of $2,503,000, with a minimum purchase increment established at $1,000. Notably, this instrument featured a 0% interest rate, classifying it as a zero-coupon bond; therefore, while a payment frequency of 2 was specified in its terms, this did not entail periodic coupon disbursements, as its return mechanism would typically be predicated on issuance at a discount to its par value, or its principal redemption at maturity. Maturing precisely on October 16, 2023, the bond successfully reached its scheduled expiration, with the "current market price" indicated as 100% signifying its repayment at par to bondholders. This successful redemption marks the fulfillment of the issuer's obligations and the conclusion of the investment cycle for holders of this specific debt instrument.