Bond Citi Global Markets Finance 0% ( XS2225257489 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2225257489 ( in USD )
Interest rate	0%
Maturity	14/08/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	401 000 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. Identified by its ISIN Code XS2225257489, this specific financial instrument, a bond issued by Citigroup Global Markets Funding, has successfully concluded its term, reaching maturity and undergoing full redemption. Citigroup Global Markets Funding operates as a vital financing vehicle for Citigroup Inc., a prominent global financial services corporation that provides a comprehensive array of banking, investing, and financial products and services to consumers, corporations, governments, and institutions worldwide. Originating from Luxembourg, this USD-denominated bond was notable for its 0% interest rate, positioning it as a zero-coupon instrument, implying that investors purchased it at a discount and received its full face value upon maturity. The total size of this particular issuance was USD 401,000, with a minimum investment threshold set at USD 1,000 per unit. Its predetermined maturity date was August 14, 2023. While standard bond disclosures often include a frequency for coupon payments, the zero-coupon structure of this bond meant the sole payment event for investors was the principal repayment at its maturity. Indeed, as of its maturity date, the bond was valued at 100% of its face value, confirming its successful repayment and the fulfillment of the issuer's obligation to bondholders.