Bond Citi Global Markets Finance 0% ( XS2392089087 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2392089087 ( in USD )
Interest rate	0%
Maturity	06/10/2026
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Minimal amount	1 000 USD
Total amount	1 800 000 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. This financial article details a specific bond instrument issued by Citigroup Global Markets Funding, identified by its International Securities Identification Number (ISIN) XS2392089087. Citigroup Global Markets Funding operates as an integral part of Citigroup Inc., one of the world's leading diversified financial services institutions, renowned for its extensive global reach and comprehensive offerings that span consumer banking, corporate and investment banking, and wealth management, serving a vast array of clients including individuals, corporations, and governments worldwide. This specific debt obligation, denominated in US Dollars (USD), originates from Luxembourg, a key European financial hub recognized for its robust regulatory environment and established capital markets. The bond currently trades at 100% of its face value in the market. A defining characteristic of this instrument is its 0% interest rate, categorizing it as a zero-coupon bond. Consequently, investors do not receive periodic interest payments; instead, the return is typically derived from the difference between the purchase price and the bond's full face value paid at its maturity. While the 'payment frequency' is noted as 2, for a zero-coupon bond, this usually refers to a nominal or internal calculation frequency rather than actual cash interest disbursements. The bond is set to mature on October 6, 2026. The total issuance size for this particular series stands at 1,800,000 units, with a minimum purchase size set at 1,000 units, making it accessible to a range of investors.