Bond National Agricultural Credit Banks 2.08% ( US3133EF2W60 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ⇌
Country	United States
ISIN code	US3133EF2W60 ( in USD )
Interest rate	2.08% per year ( payment 2 times a year)
Maturity	14/04/2025 - Bond has expired
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Minimal amount	1 000 USD
Total amount	10 000 000 USD
Cusip	3133EF2W6
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. This financial instrument, identified by ISIN US3133EF2W60 and CUSIP 3133EF2W6, was an obligation issued by the Federal Farm Credit Banks, a robust network of borrower-owned financial institutions and government-sponsored enterprises dedicated to providing credit and related services to farmers, ranchers, and rural communities throughout the United States, which was also its country of issuance. Denominated in U.S. Dollars (USD), this bond carried a fixed interest rate of 2.08%, with interest payments scheduled semi-annually. The total issuance size amounted to USD 10,000,000, and it was available for purchase with a minimum increment of USD 1,000. At the time of its market valuation, it traded at par, reflecting a 100% market price. While originally slated for maturity on April 14, 2025, it is important to note that this obligation has since successfully reached its maturity and has been fully redeemed. Its exceptional credit quality was underscored by leading rating agencies, receiving a AA+ rating from Standard & Poor's and a top-tier Aaa rating from Moody's, indicative of its strong financial standing and low default risk within the fixed-income landscape.