Bond National Mortgage Association 4.764% ( US36230KRL79 ) in USD

Issuer	National Mortgage Association
Market price	100 % ⇌
Country	United States
ISIN code	US36230KRL79 ( in USD )
Interest rate	4.764% per year ( payment 12 times a year)
Maturity	31/01/2061
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Next Coupon	20/08/2025 ( In 20 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). A notable fixed-income instrument, identified by ISIN US36230KRL79, is currently available on the market, representing a bond issued by the Government National Mortgage Association. This issuer, commonly known as Ginnie Mae, is a wholly owned government corporation within the U.S. Department of Housing and Urban Development, established to provide liquidity to the mortgage market and facilitate affordable housing. Unlike other government-sponsored enterprises, Ginnie Mae directly guarantees the timely payment of principal and interest on mortgage-backed securities (MBS) backed by loans insured or guaranteed by U.S. government agencies, such as the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). This explicit backing by the full faith and credit of the United States government positions Ginnie Mae securities, including this bond, among the safest investment options available. Originating from the United States, this particular bond is currently trading at its par value of 100%, denominated in U.S. Dollars (USD). It offers a competitive annual interest rate of 4.764%, with payments conveniently distributed on a monthly basis, totaling 12 payments per year. With a long-term maturity date set for January 31, 2061, this bond is well-suited for investors seeking stable, long-term income streams coupled with exceptional credit quality.