Bond CitiCorp 5.5% ( XS2110093650 ) in USD

Issuer	CitiCorp
Market price	100 % ▲
Country	United States
ISIN code	XS2110093650 ( in USD )
Interest rate	5.5% per year ( payment 2 times a year)
Maturity	07/03/2031
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Minimal amount	1 000 000 USD
Total amount	5 000 000 USD
Next Coupon	07/09/2025 ( In 36 days )
Detailed description	Citigroup is a multinational investment bank and financial services corporation providing a wide range of financial products and services, including consumer banking, corporate and investment banking, securities brokerage, and asset management, across numerous global markets. This financial analysis details a bond issuance identified by ISIN code XS2110093650, underwritten by Citigroup, a major global financial institution. Citigroup Inc., commonly known as Citi, is an American multinational investment bank and financial services corporation headquartered in New York City. Formed from the merger of Citicorp and Travelers Group in 1998, it stands as one of the 'Big Four' banks in the United States, alongside JPMorgan Chase, Bank of America, and Wells Fargo, providing a broad range of financial products and services, including consumer banking, corporate and investment banking, and wealth management, serving millions of consumers, corporations, governments, and institutions across more than 160 countries and jurisdictions. This particular fixed-income instrument, originating from the United States, is denominated in US Dollars (USD) and currently trades at par, reflecting a market price of 100% of its nominal value. It carries an annual coupon rate of 5.5%, with interest payments scheduled on a semi-annual basis, ensuring regular income for bondholders. The total size of this bond issuance amounts to 5,000,000 USD, indicating its significance in the market. Investors interested in acquiring this bond should note the substantial minimum purchase size, set at 1,000,000 USD, which positions it towards institutional or high-net-worth investors. The bond is set to mature on March 7, 2031, providing a defined horizon for investors to receive their principal back.