Bond Citi Global Markets Finance 0% ( XS2439288858 ) in USD

Issuer	Citi Global Markets Finance
Market price	100 % ⇌
Country	Luxembourg
ISIN code	XS2439288858 ( in USD )
Interest rate	0%
Maturity	02/03/2027
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Minimal amount	1 000 USD
Total amount	1 900 000 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 fixed-income instrument identified by the International Securities Identification Number (ISIN) XS2439288858 has been issued by Citigroup Global Markets Funding, an entity that serves as a dedicated financing vehicle for Citigroup Inc., one of the world's leading global financial services companies. Citigroup Inc., a diversified financial services holding company, provides a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and treasury services, and wealth management, to consumers, corporations, governments, and institutions worldwide. As a subsidiary, Citigroup Global Markets Funding typically facilitates debt offerings to support the wider group's financial operations and capital management. This particular bond was issued out of Luxembourg and is denominated in United States Dollars (USD). It is currently observed to be trading at par, with a market price quoted at 100% of its nominal value, and is set to mature on March 2, 2027. A notable characteristic of this bond is its stated 0% interest rate, which typically classifies it as a zero-coupon bond, where an investor's return is usually derived from purchasing the bond at a discount to its face value and redeeming it at par upon maturity. Despite this zero-coupon nature, the bond's terms indicate a payment frequency of 2, conventionally signifying semi-annual payments, which would necessitate further review of the specific cash flow structure or any embedded features that might account for this particular designation. The total size of this bond issuance amounts to 1,900,000 USD, with a minimum purchase increment set at 1,000 USD, making it accessible to a range of investors. This instrument represents a direct obligation of Citigroup Global Markets Funding, operating under the broader Citigroup financial framework.