Bond Citi Global Markets Finance 0% ( XS2304924926 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ▲
Country	Luxembourg
ISIN code	XS2304924926 ( in USD )
Interest rate	0%
Maturity	29/09/2023 - Bond has expired
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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 analysis of bond XS2304924926, identified as a debt instrument issued by Citigroup Global Markets Funding, details its recent conclusion and redemption. This bond, denominated in USD and originating from Luxembourg, reached its specified maturity date on September 29, 2023, and has since been fully reimbursed, confirming its principal repayment at 100% of its nominal value. Citigroup Global Markets Funding, serving as a key funding vehicle within the broader structure of Citigroup Inc., a prominent global diversified financial services holding company, strategically utilizes such instruments to manage its capital requirements and funding operations across various markets. Notably, this specific bond featured a 0% interest rate, which typically indicates a zero-coupon structure where investors' returns are derived from the discount at which the bond was initially purchased relative to its par redemption value, rather than through periodic interest payments; while the listed payment frequency of two (semi-annual) would typically apply to coupon disbursements, in this zero-coupon context, it would relate more to other structural or reporting elements.