Bond Citi Global Markets Finance 0% ( XS2413771648 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2413771648 ( in USD )
Interest rate	0%
Maturity	10/12/2026
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Minimal amount	1 000 USD
Total amount	2 283 000 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. An analysis of a specific debt instrument, identified by its ISIN code XS2413771648, provides insight into its structure and potential investment profile. This bond has been issued by Citigroup Global Markets Funding, a key component of Citigroup Inc., a prominent global financial services corporation. As an issuer, Citigroup Global Markets Funding is typically responsible for facilitating the broader Citigroup enterprise's capital markets activities, encompassing a diverse array of financial products and serving as a funding vehicle for its global investment banking, sales and trading, and wholesale banking operations. The bond originates from Luxembourg, indicating its country of issuance and relevant regulatory framework. It is denominated in USD, with a total issuance size amounting to 2,283,000 USD. Designed for broad market accessibility, the instrument features a minimum purchase size of 1,000 USD. A notable characteristic of this bond is its stated interest rate of 0%, which typically categorizes it as a zero-coupon instrument or one that does not offer periodic interest payments. Currently, the bond is trading at its par value of 100% in the market, suggesting that any potential return for investors would derive from its principal repayment at maturity, set for December 10, 2026. The specification of a payment frequency of 2, commonly implying semi-annual, is an unusual detail for a zero-coupon bond, potentially pointing to a unique redemption mechanism or other embedded features not immediately apparent from the provided data. Investors considering this instrument would primarily focus on capital preservation until the stated maturity date, relying on the bond's eventual redemption at par, underpinned by its issuance by a subsidiary of a major global financial institution.