Bond National Agricultural Credit Banks 3.06% ( US3133EEPN40 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▼
Country	United States
ISIN code	US3133EEPN40 ( in USD )
Interest rate	3.06% per year ( payment 2 times a year)
Maturity	10/02/2034
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Minimal amount	1 000 USD
Total amount	10 000 000 USD
Cusip	3133EEPN4
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	10/02/2026 ( Tomorrow )
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 new fixed-income offering from the Federal Farm Credit Banks (FFCB) is currently available, providing investors with a stable investment opportunity. The FFCB system, a U.S. government-sponsored enterprise (GSE), plays a crucial role in providing credit and related services to farmers, ranchers, agricultural cooperatives, and rural communities across the United States. Established to ensure a dependable source of credit for the agricultural sector, the FFCB comprises a nationwide network of cooperatively-owned banks and associations operating under the supervision of the Farm Credit Administration. This particular bond, identified by ISIN US3133EEPN40 and CUSIP 3133EEPN4, is denominated in U.S. Dollars (USD) and carries a fixed annual interest rate of 3.06%. It is currently trading at its par value of 100% in the market. The bond features a maturity date of October 2, 2034, with interest payments made semi-annually, reflecting a payment frequency of 2 per year. The total issuance size for this bond is $10,000,000, with a minimum purchase amount set at $1,000, making it accessible to a range of investors. Reflecting the issuer's robust financial standing and its vital role in the U.S. agricultural economy, the bond holds exceptional credit ratings from leading agencies: Standard & Poor's has assigned a rating of AA+, while Moody's has provided its highest possible rating of Aaa. These top-tier ratings underscore the very low credit risk associated with this security, positioning it as a highly secure investment within the fixed-income market.