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ItalianoBond Federal Home Loan Banks 0.295% ( US3130AKMT04 ) in USD
| Issuer | Federal Home Loan Banks | ||||||||||||||||||||||||||||||||||||||
| Market price | 100.00 % ⇌ | ||||||||||||||||||||||||||||||||||||||
| Country |  United States
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| ISIN code |
 US3130AKMT04 ( in USD )
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| Interest rate | 0.295% per year ( payment 2 times a year) | ||||||||||||||||||||||||||||||||||||||
| Maturity | 20/10/2024 - Bond has expired | ||||||||||||||||||||||||||||||||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 10 000 USD | ||||||||||||||||||||||||||||||||||||||
| Total amount | 500 000 000 USD | ||||||||||||||||||||||||||||||||||||||
| Cusip | 3130AKMT0 | ||||||||||||||||||||||||||||||||||||||
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||
| Moody's rating | Aaa ( Prime - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||
| Detailed description |
Federal Home Loan Banks (FHLBanks) are a network of eleven government-sponsored enterprises that provide funding and liquidity to member financial institutions, primarily savings associations, banks, credit unions, and insurance companies, to support housing finance and community development. This financial article details a specific fixed-income instrument that has recently reached its maturity, issued by the Federal Home Loan Banks (FHLBanks), a prominent U.S. government-sponsored enterprise (GSE). Identified by ISIN US3130AKMT04 and CUSIP 3130AKMT0, this bond was part of a larger issuance originating from the United States. The Federal Home Loan Banks system, comprising eleven regional banks, serves as a crucial component of the U.S. housing finance system, providing liquidity to member financial institutions, including banks, credit unions, insurance companies, and community development financial institutions, thereby supporting mortgage lending and community investment. The bond, denominated in United States Dollars (USD), carried a coupon interest rate of 0.295%, with interest payments made semi-annually. The total initial size of the issuance amounted to $500,000,000, and the minimum purchase size for investors was set at $10,000. On its maturity date of October 20, 2024, the bond, which had been trading at par (100% of its face value), was successfully redeemed and repaid to bondholders, thereby concluding its lifecycle as an active security. Reflecting the exceptionally strong creditworthiness associated with FHLBanks due to their critical role and implied government support, the bond received top-tier ratings from major credit agencies: Standard & Poor's assigned an AA+ rating, while Moody's provided its highest rating of Aaa, underscoring the instrument's status as a virtually risk-free investment during its tenure. |
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