Bond Citi Global Markets Finance 0% ( XS2350701384 ) in EUR

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2350701384 ( in EUR )
Interest rate	0%
Maturity	15/06/2026
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Minimal amount	1 000 EUR
Total amount	778 000 EUR
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 informative analysis of the fixed-income market highlights a specific debt instrument, ISIN XS2350701384, issued by Citigroup Global Markets Funding, a crucial funding arm of Citigroup Inc., one of the world's leading diversified financial services holding companies, which utilizes such vehicles to raise capital for its expansive global operations, including investment banking, corporate finance, and trading activities. This bond, domiciled for issuance in Luxembourg, is presently quoted at its par value of 100% in Euros and is structured as a zero-coupon instrument, signifying that investors do not receive periodic interest distributions but instead anticipate their return through the difference between the purchase price and the bond's full face value received upon its maturity on June 15, 2026; its current trading at par, combined with a 0% coupon, implies a 0% yield to maturity if acquired at this price, while the total issue size amounts to EUR 778,000, with a minimal purchase threshold of EUR 1,000, and though a payment frequency of 1 is specified, this refers to the sole principal redemption payment at maturity given the bond's non-interest-bearing structure.