Bond Citi Global Markets Finance 0% ( XS2304915346 ) in USD

Issuer Citi Global Markets Finance
Market price 100 %  ⇌ 
Country  Luxembourg
ISIN code  XS2304915346 ( in USD )
Interest rate 0%
Maturity 16/10/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 6 358 000 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.

A recent development in the fixed income market saw the successful maturity and full redemption of the Citigroup Global Markets Funding bond, uniquely identified by ISIN code XS2304915346. Citigroup Global Markets Funding operates as a vital financing vehicle for Citigroup Inc., a prominent global financial services company. Citigroup itself is a diversified institution offering a wide range of financial products and services, including consumer banking, corporate and investment banking, securities brokerage, and wealth management, serving millions of clients across more than 160 countries and jurisdictions; the funding arm, through issuances like this bond, helps to manage the broader group's liquidity and capital requirements. This particular obligation, issued from Luxembourg and denominated in USD, was a zero-coupon instrument, meaning it carried a stated interest rate of 0% and thus did not provide periodic coupon payments to holders; instead, investors typically realized returns from the discount at which the bond was initially purchased relative to its par value at maturity. The total issue size for this bond was USD 6,358,000, with a minimum investment lot set at USD 1,000. With its maturity date on October 16, 2023, the bond's full principal value was redeemed at 100% of its face value upon reaching its term. While the bond's payment frequency was listed as 2, this refers primarily to the key principal-related events of initial issuance and final repayment, aligning with its zero-coupon structure and the absence of recurring interest disbursements. The bond has now concluded its lifecycle, having been fully repaid to its investors.