Bond National Mortgage Association 5% ( US36202XKC01 ) in USD

Issuer	National Mortgage Association
Market price	100 % ⇌
Country	United States
ISIN code	US36202XKC01 ( in USD )
Interest rate	5% per year ( payment 12 times a year)
Maturity	30/11/2033
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Minimal amount	/
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Next Coupon	15/08/2025 ( In 15 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). An analysis of a specific debt instrument reveals key characteristics pertinent to fixed-income portfolios. This bond, identified by ISIN US36202XKC01, is issued by the Government National Mortgage Association, commonly known as Ginnie Mae. Operating under the umbrella of the U.S. Department of Housing and Urban Development, Ginnie Mae is a government-owned corporation that plays a crucial role in the American housing finance system by guaranteeing mortgage-backed securities (MBS) issued by private lenders. These guarantees extend to pools of loans insured by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the U.S. Department of Agriculture (USDA), thereby providing an explicit full faith and credit guarantee from the U.S. government, underpinning the high credit quality of securities associated with Ginnie Mae. The bond in question, issued out of the United States, currently trades at par, reflecting its market price of 100% of its face value, carries an annual interest rate of 5%, with coupon payments disbursed monthly, indicated by its payment frequency of 12, matures on November 30, 2033, and is denominated in United States Dollars (USD).