Bond Citi Global Markets Finance 0% ( XS2413835633 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2413835633 ( in USD )
Interest rate	0%
Maturity	11/12/2028
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Minimal amount	1 000 USD
Total amount	2 800 000 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. A bond identified by ISIN code XS2413835633, issued by Citigroup Global Markets Funding, is currently available in the market. Citigroup Global Markets Funding functions as a critical financing arm for Citigroup Inc., a globally recognized diversified financial services corporation providing a wide range of banking, lending, and investment services to consumers, corporations, governments, and institutions worldwide. This particular debt instrument, denominated in USD, was issued from Luxembourg, a prominent jurisdiction for international bond offerings. The bond features a maturity date of December 11, 2028, and a total issue size of $2,800,000, with a minimum purchase denomination set at $1,000. Notably, the bond carries a 0% interest rate, indicating its structure as a zero-coupon instrument, where investor return is typically derived from the difference between a discounted purchase price and the par value received at maturity; despite this, its current market price stands at 100% of par. The stated payment frequency is 2, which commonly denotes semi-annual intervals, although for a zero-coupon bond, this specification might relate to administrative or compounding periods rather than direct interest distributions.