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ItalianoBond National Agricultural Credit Banks 3.875% ( US31331J3K72 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 99.853 % ▲ |
| Country |  United States
|
| ISIN code |
 US31331J3K72 ( in USD )
|
| Interest rate | 3.875% per year ( payment 2 times a year) |
| Maturity | 26/11/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 USD |
| Total amount | 25 000 000 USD |
| Cusip | 31331J3K7 |
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
| Moody's rating | Aaa ( Prime - Investment-grade ) |
| 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. The US31331J3K72 bond (CUSIP: 31331J3K7), an obligation issued by the Federal Farm Credit Banks, a U.S. government-sponsored enterprise (GSE) critical to agricultural finance that provides lending and financial services to farmers, ranchers, and rural communities across the United States, has successfully matured and been repaid as of November 26, 2024, concluding its lifecycle as a highly-rated debt instrument. This specific $25 million issue, denominated in USD, bore an annual interest rate of 3.875% paid semi-annually and was previously observed trading at 99.853% of its face value, with a minimum purchase increment of $1,000. Its exceptional credit quality was affirmed by top-tier ratings of AA+ from Standard & Poor's and Aaa from Moody's, underscoring the issuer's robust financial standing and the implicit support derived from its GSE status. |