Bond National Agricultural Credit Banks 3% ( US31331KYH75 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
US31331KYH75 ( in USD )
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| Interest rate | 3% per year ( payment 2 times a year) | ||
| Maturity | 13/09/2023 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 25 000 000 USD | ||
| Cusip | 31331KYH7 | ||
| 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. This financial analysis details a specific debt instrument, a bond identified by its ISIN US31331KYH75 and CUSIP 31331KYH7. The issuer of this obligation is the Federal Farm Credit Banks, a prominent government-sponsored enterprise (GSE) based in the United States. The Federal Farm Credit Banks comprise a nationwide network of borrower-owned lending institutions dedicated to providing credit and related services primarily to farmers, ranchers, aquatic producers, and rural residents, as well as agricultural cooperatives and rural utility systems across the U.S. Their critical role in supporting the nation's agricultural and rural economies contributes to the implicit backing of their obligations by the U.S. government, which significantly enhances their credit standing. This particular bond carried a fixed annual interest rate of 3%, with interest payments disbursed semi-annually, aligning with a specified payment frequency of two times per year. The total size of this specific issuance was twenty-five million U.S. Dollars (USD 25,000,000), structured with a minimum purchase amount of one thousand U.S. Dollars (USD 1,000) for investors. Originated from the United States, the bond reached its scheduled maturity on September 13, 2023. At the time of its maturity, the bond was fully redeemed, with its final market price standing at 100% of its par value, ensuring that investors received full principal repayment as scheduled. Reflecting the exceptional credit quality of the issuer, the bond received robust ratings from leading agencies: an AA+ from Standard & Poor's (S&P) and an Aaa from Moody's Investors Service. These premier ratings signify the very low credit risk associated with the Federal Farm Credit Banks' obligations, positioning such instruments as highly secure investments within the fixed-income market. |
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