Bond Citi Global Markets Finance 0% ( XS2165908133 ) in GBP

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2165908133 ( in GBP )
Interest rate	0%
Maturity	21/05/2026
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Minimal amount	1 000 GBP
Total amount	1 000 000 GBP
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. An in-depth analysis reveals details of a specific debt instrument, identified by the International Securities Identification Number (ISIN) XS2165908133, which is currently quoted at 100% of its face value on the market and denominated in British Pounds (GBP). The issuer of this financial instrument is Citigroup Global Markets Funding, a key entity within the globally recognized financial services holding company, Citigroup Inc., which operates across a broad spectrum of financial services including investment banking, corporate and retail banking, and wealth management, with Citigroup Global Markets Funding specifically serving as a funding vehicle used to issue debt securities in international capital markets, leveraging the credit standing of its parent to raise capital for various corporate purposes, often including intercompany lending or funding structured product offerings. This particular bond was issued from Luxembourg, a jurisdiction frequently chosen for international debt issuances due to its robust financial regulatory framework and investor-friendly environment. Notably, this bond features a 0% interest rate, categorizing it as a zero-coupon instrument, meaning investors do not receive periodic interest payments throughout its life; instead, the return is typically realized at maturity through the difference between the purchase price and the full principal repayment, although in this instance it is currently trading at par. The total size of this specific issuance amounts to 1,000,000 GBP, with a minimum purchase size set at 1,000 GBP, offering accessibility to a range of institutional and potentially retail investors. The instrument carries a fixed maturity date of May 21, 2026, when the principal amount is due to be repaid to bondholders. The stated payment frequency of '1' for this zero-coupon bond signifies the single principal repayment occurring at maturity, as there are no intermediate interest distributions.