Bond Citi Global Markets 0% ( XS2565553448 ) in USD

Issuer	Citi Global Markets
Market price	100 % ▲
Country	United States
ISIN code	XS2565553448 ( in USD )
Interest rate	0%
Maturity	18/05/2028
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Detailed description	Citigroup Global Markets Holdings Inc. is a subsidiary of Citigroup Inc. providing a wide range of financial services, including securities brokerage, investment banking, and trading across various asset classes globally. An analysis of the financial instrument identified by ISIN XS2565553448 reveals a bond issued by Citigroup Global Markets Holdings, a pivotal entity within the globally renowned Citigroup financial services group, operating from the United States and central to the conglomerate's capital markets and global financial operations. This particular fixed-income security, denominated in US Dollars (USD), is characterized by its 0% interest rate, classifying it as a zero-coupon bond, which implies that investors do not receive periodic coupon payments; typically, returns on such instruments are realized through acquisition at a discount to the nominal value and redemption at par, though this bond is presently trading at its nominal value of 100% on the market. Scheduled for maturity on May 18, 2028, and despite the stated payment frequency of twice per annum (commonly associated with semi-annual coupon distributions), no regular interest disbursements will occur due to its inherent zero-coupon structure, with the principal sum becoming due upon its stated maturity date.