Bond National Mortgage Association 5.5% ( US36202SB315 ) in USD

Issuer	National Mortgage Association
Market price	100 % ▲
Country	United States
ISIN code	US36202SB315 ( in USD )
Interest rate	5.5% per year ( payment 12 times a year)
Maturity	31/01/2032
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Next Coupon	15/08/2025 ( In 16 days )
Detailed description	The Government National Mortgage Association (Ginnie Mae) is a U.S. government-sponsored enterprise that guarantees mortgage-backed securities (MBS) issued by approved lenders, primarily focusing on loans insured or guaranteed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), and Rural Housing Service (RHS). This financial instrument, identified by its ISIN US36202SB315, represents an obligation issued by the Government National Mortgage Association, commonly known as Ginnie Mae. Ginnie Mae is a wholly-owned United States government corporation operating within the Department of Housing and Urban Development, whose principal mission is to guarantee timely payment of principal and interest on mortgage-backed securities (MBS) issued by approved lenders. This guarantee is explicitly backed by the full faith and credit of the United States government, a critical factor underpinning the high credit quality of its obligations. This specific bond, denominated in United States Dollars (USD), currently trades on the market at 100% of its par value, signifying it is priced at par. It carries an annual interest rate, or coupon, of 5.5%. Investors in this security can anticipate income payments with a high frequency of 12 times per year, translating to monthly distributions, offering a consistent stream of income. The bond is set to mature on January 31, 2032, and was issued from the United States, aligning with its national financial framework.