Bond National Agricultural Credit Banks 3.46% ( US3133EFGM33 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | |||
| Country | United States
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| ISIN code |
US3133EFGM33 ( in USD )
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| Interest rate | 3.46% per year ( payment 2 times a year) | ||
| Maturity | 05/10/2033 | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 10 000 000 USD | ||
| Cusip | 3133EFGM3 | ||
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) | ||
| Moody's rating | Aa1 ( High grade - Investment-grade ) | ||
| Next Coupon | 05/04/2026 ( In 55 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. Investors are currently evaluating a fixed-income opportunity issued by the Federal Farm Credit Banks, a prominent U.S. government-sponsored enterprise (GSE) headquartered in the United States and dedicated to providing credit and related services to farmers, ranchers, and rural cooperatives across the nation, thereby playing a vital role in supporting the nation's agricultural economy. This particular bond, identified by the ISIN US3133EFGM33 and CUSIP 3133EFGM3, offers a fixed annual interest rate of 3.46%, with interest payments distributed semi-annually, aligning with the common payment frequency for such instruments. The bond is set to mature on October 5, 2033, providing a defined horizon for investors. With a total issuance size of $10,000,000, it represents a substantial offering, yet remains accessible with a minimum purchase requirement of $1,000. As of the latest market data, the bond is trading at 98.9182% of its par value in USD, indicating it is available at a slight discount. A significant factor underpinning its appeal is its strong credit profile, evidenced by an AA+ rating from Standard & Poor's and an Aa1 rating from Moody's, both placing it firmly within the high-grade, investment-grade category and signaling a very low probability of default. |
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