Bond National Agricultural Credit Banks 5.22% ( US31331Y2W94 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | 100 % ⇌ | ||
| Country | United States
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| ISIN code |
US31331Y2W94 ( in USD )
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| Interest rate | 5.22% per year ( payment 2 times a year) | ||
| Maturity | 10/07/2023 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 12 000 000 USD | ||
| Cusip | 31331Y2W9 | ||
| 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 bond, identifiable by its ISIN US31331Y2W94 and CUSIP 31331Y2W9, originated from the Federal Farm Credit Banks, a United States-based government-sponsored enterprise dedicated to supporting agriculture and rural communities through a nationwide network of borrower-owned financial institutions, featured an interest rate of 5.22% and an issue size totaling 12,000,000 units with a minimum purchase threshold of 1,000, and was recently redeemed after reaching its maturity on July 10, 2023, following a payment frequency of twice per year, having traded at a market price of 100% in USD, all while maintaining robust credit ratings of AA+ from Standard & Poor's and Aaa from Moody's. |
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