Bond National Agricultural Credit Banks 0% ( US313312DS62 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ⇌
Country	United States
ISIN code	US313312DS62 ( in USD )
Interest rate	0%
Maturity	30/03/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	200 000 000 USD
Cusip	313312DS6
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. A specific bond issued by the Federal Farm Credit Banks, identified by ISIN US313312DS62 and CUSIP 313312DS6, recently reached its maturity date of March 30, 2023, and has been successfully redeemed. This fixed-income instrument, denominated in USD, was part of a $200,000,000 issuance originating from the United States, with a minimum purchase size of $1,000. The Federal Farm Credit Banks form a key part of the Farm Credit System (FCS), a government-sponsored enterprise (GSE) in the United States dedicated to providing credit to the nation's agricultural and rural communities. As a GSE, the bonds issued by the Federal Farm Credit Banks are generally regarded as high-quality securities due to their critical role in the U.S. economy and the implicit government support for the system. This particular bond was notable for bearing a 0% interest rate throughout its term, and at its maturity, it was redeemed at its face value, with its market price standing at 100%, signifying the complete repayment of principal to all bondholders.