Bond National Agricultural Credit Banks 2.07% ( US3133ECLY84 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | 100 % ▲ | ||
| Country | United States
|
||
| ISIN code |
US3133ECLY84 ( in USD )
|
||
| Interest rate | 2.07% per year ( payment 2 times a year) | ||
| Maturity | 17/04/2023 - Bond has expired | ||
|
|||
| Minimal amount | 1 000 USD | ||
| Total amount | 5 000 000 USD | ||
| Cusip | 3133ECLY8 | ||
| 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. An in-depth analysis reveals the concluded performance of a specific fixed-income instrument, Bond ISIN US3133ECLY84 (CUSIP: 3133ECLY8), which has recently reached its maturity. Issued by the Federal Farm Credit Banks, a critical component of the United States' government-sponsored enterprise (GSE) landscape, this bond exemplifies the stability and creditworthiness associated with such entities. The Federal Farm Credit Banks system comprises a nationwide network of borrower-owned financial institutions that provide credit and related services to farmers, ranchers, aquatic producers, rural homeowners, and agricultural and rural utility cooperatives. Operating under the supervision of the independent Farm Credit Administration, FFCBs play a vital role in ensuring a stable and reliable source of credit for American agriculture and rural communities, which implicitly underpins the strong credit standing of their debt obligations. This particular bond, denominated in United States Dollars (USD), carried a coupon interest rate of 2.07%, with interest payments made on a semi-annual basis, characteristic of many high-grade debt instruments. The total issuance size for this series was USD 5,000,000, with a minimum purchase increment set at USD 1,000, making it accessible to a range of investors. At the point of its maturity on April 17, 2023, the bond's market price was observed at 100% of its face value, indicating a par redemption. Crucially, this bond has officially matured and has been fully reimbursed to its holders, signifying the successful completion of its lifecycle as a debt instrument. Its exceptional credit quality was consistently affirmed by leading rating agencies, with Standard & Poor's assigning an AA+ rating and Moody's granting its highest possible rating of Aaa. These robust credit ratings underscore the bond's low-risk profile, reflecting the perceived safety and stability of the Federal Farm Credit Banks as an issuer within the U.S. financial system. |
||
Français
Italiano
United States