Bond National Agricultural Credit Banks 2.22% ( US3133EED645 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | 100 % ▼ | ||
| Country | United States
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| ISIN code |
US3133EED645 ( in USD )
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| Interest rate | 2.22% per year ( payment 2 times a year) | ||
| Maturity | 29/05/2024 - Bond has expired | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 30 000 000 USD | ||
| Cusip | 3133EED64 | ||
| 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. Recently concluding its lifecycle, the fixed-income security, identified by ISIN US3133EED645 and CUSIP 3133EED64, was officially redeemed at its par value of 100% on its maturity date of May 29, 2024, a USD-denominated obligation that carried an annual interest rate of 2.22% disbursed semi-annually, which was part of a $30,000,000 issuance with a minimum purchase denomination of $1,000, originating from the Federal Farm Credit Banks, a vital government-sponsored enterprise (GSE) within the United States' Farm Credit System dedicated to providing robust financial services to farmers, ranchers, and agricultural cooperatives nationwide, ensuring the stability and growth of the agricultural sector, and whose debt commanded premium credit quality ratings of AA+ from Standard & Poor's and Aaa from Moody's, underscoring its exceptional financial strength and systemic importance. |
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