Bond Citi Global Markets Finance 0% ( XS2372680830 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2372680830 ( in USD )
Interest rate	0%
Maturity	20/08/2026
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Minimal amount	1 000 USD
Total amount	650 000 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 analysis reveals the issuance of a bond, identifiable by its ISIN XS2372680830, with Citigroup Global Markets Funding acting as the issuer. Citigroup Global Markets Funding is a specialized financing entity within the broader structure of Citigroup Inc., a preeminent global diversified financial services holding company headquartered in New York City. Citigroup operates through an extensive international network spanning over 160 countries and jurisdictions, providing a comprehensive suite of financial products and services including consumer banking, corporate and investment banking, securities brokerage, and wealth management, solidifying its position as a major player in the global financial landscape. This particular bond originated from Luxembourg, a jurisdiction widely recognized as a sophisticated international financial hub, and is denominated in United States Dollars (USD). Currently trading at its par value of 100% in the market, the instrument carries a distinct characteristic of a 0% interest rate, thereby categorizing it as a zero-coupon bond. This implies that investors will not receive periodic coupon payments; instead, the return on investment is generated through the accretion of its value from a discounted purchase price to its full par value upon maturity on August 20, 2026. The total nominal size of this issuance amounts to 650,000 USD, with the minimum purchase size set at 1,000 USD, which facilitates its accessibility to a diverse range of market participants. While traditional zero-coupon bonds typically do not involve periodic interest distributions, the provided information specifies a payment frequency of two times per year, a detail that, in the context of a 0% interest rate, generally refers to other contractual or reporting obligations rather than recurring interest payments.