Bond Citi Global Markets Finance 0% ( XS2430357595 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2430357595 ( in USD )
Interest rate	0%
Maturity	01/02/2027
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Minimal amount	1 000 USD
Total amount	978 000 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 article details a specific bond issuance, identified by the ISIN code XS2430357595, which is an offering from Citigroup Global Markets Funding, a key entity within the globally recognized Citigroup financial services conglomerate, specializing in capital markets activities, including the structuring, issuance, and distribution of debt securities, and benefiting from the broader group's extensive market presence and financial expertise. Issued out of Luxembourg, a prominent hub for international financial instruments, this bond is denominated in United States Dollars (USD) and has a total issue size of USD 978,000, with a minimum investment threshold set at USD 1,000. A notable characteristic of this particular bond is its stated interest rate of 0%, indicating it is structured as a zero-coupon bond or a similar deep-discount instrument where investors would typically derive their return from the difference between the purchase price and the face value received at maturity, rather than through periodic interest payments; currently, the bond is trading at 100% of its par value on the market. The bond specifies a payment frequency of 2, which conventionally indicates semi-annual periods, though with a stated 0% interest rate, this would imply no periodic coupon distributions, suggesting the bond's return for investors is realized at its maturity date of February 1, 2027.