Bond Citi Global Markets Finance 0% ( XS2366414659 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2366414659 ( in USD )
Interest rate	0%
Maturity	12/06/2026
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Minimal amount	1 000 USD
Total amount	320 000 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 detailed examination of a specific bond issuance, identified by the ISIN XS2366414659, reveals a fixed-income instrument issued by Citigroup Global Markets Funding. This bond, denominated in United States Dollars (USD), originated from Luxembourg and is currently trading at its par value of 100% in the market. Its maturity date is set for June 12, 2026. Citigroup Global Markets Funding, the issuer, is an integral part of Citigroup Inc., a prominent global diversified financial services holding company. Citigroup Inc. provides a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management, serving consumers, corporations, governments, and institutions in more than 160 countries and jurisdictions. The entity Citigroup Global Markets Funding often serves as a specific vehicle for the issuance of debt securities within the broader Citigroup financial framework. This particular bond issuance has a total size of 320,000 units, with a minimum purchase size set at 1,000 units. Notably, the bond features a 0% interest rate, classifying it as a zero-coupon instrument. This means investors will not receive periodic interest payments throughout the bond's life; instead, the return on investment is primarily generated from the discount at which the bond is acquired relative to its par value redemption at maturity. While a payment frequency of "2" is indicated, which typically refers to semi-annual coupon distributions, this field is not applicable to interest payments for a zero-coupon bond, where the principal repayment at maturity represents the sole significant cash flow to the investor.