Bond Citi Global Markets Finance 0% ( XS2024599602 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2024599602 ( in USD )
Interest rate	0%
Maturity	14/06/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	1 046 000 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 article details the specifics of a bond, identified by ISIN XS2024599602, which was issued by Citigroup Global Markets Funding, a strategic financing vehicle within the globally prominent financial services corporation Citigroup Inc., based in Luxembourg, an established hub for international debt offerings; this USD-denominated obligation, with an initial total issuance size of $1,046,000 and a minimum purchase size of $1,000, notably featured a 0% interest rate and a stated payment frequency of 2, indicating its potential structure as a zero-coupon instrument or one with specific non-coupon-bearing terms, and has subsequently reached its maturity on June 14, 2022, at which point it was fully redeemed at 100% of its face value, thereby completing its lifecycle and ensuring principal repayment to investors.