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ItalianoBond National Agricultural Credit Banks 5.43% ( US31331XPD83 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 100 % ▲ |
| Country |  United States
|
| ISIN code |
 US31331XPD83 ( in USD )
|
| Interest rate | 5.43% per year ( payment 2 times a year) |
| Maturity | 07/06/2024 - 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 | 15 000 000 USD |
| Cusip | 31331XPD8 |
| 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. A recently matured fixed-income instrument, specifically an obligation identified by ISIN US31331XPD83 and CUSIP 31331XPD8, was issued by the Federal Farm Credit Banks. As a prominent U.S. government-sponsored enterprise (GSE) based in the United States, the Federal Farm Credit Banks system plays a crucial role in the American agricultural and rural economy, providing reliable credit to farmers, ranchers, and rural communities, thereby underpinning its inherently high credit quality and market stability. This particular bond, denominated in USD, carried a fixed interest rate of 5.43% and represented a total issuance size of $15,000,000, with a minimum investment threshold set at $1,000. Reflecting the issuer's robust financial standing and systemic importance, the bond was assigned top-tier credit ratings: AA+ by Standard & Poor's and Aaa by Moody's, signifying an extremely low credit risk profile. The instrument, which featured a semi-annual payment frequency, successfully reached its maturity on June 7, 2024, and was subsequently redeemed at par, with its market price standing at 100% immediately prior to its full repayment. |