Bond National Agricultural Credit Banks 0% ( US313312AD21 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ⇌
Country	United States
ISIN code	US313312AD21 ( in USD )
Interest rate	0%
Maturity	04/01/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	385 000 000 USD
Cusip	313312AD2
Detailed description	The Federal Farm Credit Banks are a government-sponsored enterprise system providing credit and other financial services to farmers, ranchers, and agricultural cooperatives. This financial article provides details on a specific bond (ISIN: US313312AD21, CUSIP: 313312AD2), issued by the Federal Farm Credit Banks, an integral component of the Farm Credit System and a government-sponsored enterprise (GSE) in the United States, established to provide reliable and competitive credit to agriculture and rural America. The bond, denominated in USD, represented a total issue size of $385,000,000, with a minimum purchase amount set at $1,000. Notably, this instrument featured a 0% interest rate, indicating it was a non-interest-bearing security, likely designed to be acquired at a discount and redeemed at its par value of 100% at maturity, thus generating returns through capital appreciation rather than periodic coupon payments. The bond reached its maturity date on April 1, 2023, and has since been successfully redeemed, reflecting the full return of principal to its holders.