Bond National Agricultural Credit Banks 2.91% ( US3133EEPM66 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | |||
| Country | United States
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| ISIN code |
US3133EEPM66 ( in USD )
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| Interest rate | 2.91% per year ( payment 2 times a year) | ||
| Maturity | 10/03/2033 | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 15 000 000 USD | ||
| Cusip | 3133EEPM6 | ||
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) | ||
| Moody's rating | Aa1 ( High grade - Investment-grade ) | ||
| Next Coupon | 10/03/2026 ( In 29 days ) | ||
| 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 article provides an in-depth overview of a specific bond issued by the Federal Farm Credit Banks, a U.S.-based government-sponsored enterprise (GSE) critical to supporting the nation's agricultural and rural economies by providing reliable credit and financial services. Identified by its ISIN US3133EEPM66 and CUSIP 3133EEPM6, this obligation, issued in the United States, is currently trading on the market at 110.058% of its par value and is denominated in United States Dollars (USD). The bond carries a fixed interest rate of 2.91%, with coupon payments disbursed semiannually, reflecting its payment frequency of two. The total size of this particular bond issuance amounts to $15,000,000, with a minimum investment threshold set at $1,000. Investors should note its maturity date of March 10, 2033. The instrument boasts robust credit ratings from leading agencies, securing an AA+ rating from Standard & Poor's (S&P) and the top-tier Aaa rating from Moody's, underscoring its perceived high credit quality and stability within the fixed-income market. |
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