Bond National Agricultural Credit Banks 2.93% ( US3133EFB711 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | |||
| Country | United States
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| ISIN code |
US3133EFB711 ( in USD )
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| Interest rate | 2.93% per year ( payment 2 times a year) | ||
| Maturity | 17/05/2032 | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 5 000 000 USD | ||
| Cusip | 3133EFB71 | ||
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) | ||
| Moody's rating | Aaa ( Prime - Investment-grade ) | ||
| Next Coupon | 17/05/2026 ( In 97 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. A highly-rated bond issued by a significant U.S. government-sponsored enterprise is currently available, offering a detailed profile for fixed-income investors. This specific bond, identified by ISIN US3133EFB711 and CUSIP 3133EFB71, is issued by the Federal Farm Credit Banks (FFCB), a nationwide network of borrower-owned lending institutions vital to the U.S. agricultural sector. As Government-Sponsored Enterprises (GSEs), the FFCBs play a critical role in providing credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities, raising funds in the capital markets to finance their lending activities. While their debt obligations are not direct obligations of the U.S. government, they are highly regarded due to their implied government backing and strategic importance to the stability of the agricultural and rural sectors of the U.S. economy. This particular fixed-income instrument is denominated in U.S. Dollars (USD) and carries an annual interest rate, or coupon, of 2.93%, with interest payments distributed semi-annually, reflecting its payment frequency of two times per year. The bond is set to mature on May 17, 2032, providing a long-term investment horizon. The total size of this specific bond issuance stands at 5,000,000 USD, with a minimum purchase increment set at 1,000 USD, making it accessible to a range of institutional and individual investors. The current market price for this security is at par, reflecting 100% of its face value. Reflecting the strong financial standing and critical role of the issuer, the bond holds exceptional credit ratings from leading agencies: Standard & Poor's (S&P) has assigned an AA+ rating, while Moody's has provided its highest possible rating of Aaa, underscoring the perceived low credit risk associated with this security issued from the United States. |
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