Bond Citi Global Markets Finance 0% ( XS2006337765 ) in USD

Issuer Citi Global Markets Finance
Market price 100 %  ⇌ 
Country  Luxembourg
ISIN code  XS2006337765 ( in USD )
Interest rate 0%
Maturity 13/06/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 265 000 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.

**Post-Maturity Review: Zero-Coupon Bond XS2006337765 Issued by Citigroup Global Markets Funding** This article provides an overview of the XS2006337765 bond, a specific debt instrument that has recently reached its full maturity and been repaid. The bond was issued by Citigroup Global Markets Funding, a specialized funding vehicle operating within the broader Citigroup Inc. enterprise. Citigroup Inc. is globally recognized as a leading diversified financial services holding company, offering a wide array of financial products and services encompassing consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management to a diverse client base including consumers, corporations, governments, and institutions worldwide. Citigroup Global Markets Funding plays a crucial role in facilitating the group's access to capital markets, managing liquidity, and raising funds to support the extensive global operations and strategic initiatives of the Citigroup organization. The bond, formally identified by its International Securities Identification Number (ISIN) XS2006337765, was issued under the jurisdiction of Luxembourg and denominated in United States Dollars (USD). A distinguishing characteristic of this particular security was its 0% interest rate, which classifies it as a zero-coupon bond. For such instruments, investors do not receive periodic interest payments; instead, the financial return is generated from the difference between the discounted price at which the bond is initially purchased and its par value upon maturity. The total size of this specific issue amounted to 265,000 USD, with a minimum purchase size set at 1,000 USD for investors. The bond's definitive maturity date was scheduled for June 13, 2024. While a payment frequency of 2 was nominally specified in the bond's descriptive terms, consistent with its zero-coupon nature, the singular significant financial event for investors was the comprehensive principal repayment at maturity, as no interim coupon payments were designed to be disbursed throughout its lifespan. As of its predetermined maturity date, June 13, 2024, the XS2006337765 bond has successfully completed its lifecycle. It was fully redeemed at 100% of its nominal value, thereby ensuring that all principal investment was returned to bondholders as per the terms of the issuance. This successful and timely repayment signifies the orderly conclusion of this debt instrument, reinforcing the issuer's commitment to fulfilling its financial obligations in the capital markets.