Bond National Agricultural Credit Banks 3.65% ( US3133EG2Y09 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133EG2Y09 ( in USD )
|
| Interest rate | 3.65% per year ( payment 2 times a year) |
| Maturity | 06/01/2042 |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 5 000 000 USD |
| Cusip | 3133EG2Y0 |
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
| Moody's rating | Aa1 ( High grade - Investment-grade ) |
| Next Coupon | 06/07/2026 ( In 147 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 detailed analysis of the bond market reveals an offering from the Federal Farm Credit Banks, identified by ISIN US3133EG2Y09 and CUSIP 3133EG2Y0. This particular bond, issued in the United States and denominated in USD, is currently trading on the secondary market at 80.756% of its par value. The issuer, Federal Farm Credit Banks, constitutes a vital component of the Farm Credit System, a government-sponsored enterprise (GSE) established by the U.S. Congress to provide reliable credit and financial services to farmers, ranchers, agricultural cooperatives, and rural communities across the nation, thereby playing a critical role in supporting the U.S. agricultural economy and benefiting from strong implicit government backing. This bond carries a fixed annual coupon rate of 3.65%, with interest payments disbursed semi-annually, reflecting its payment frequency of two times per year. The total size of this specific bond issuance is $5,000,000, with a minimum purchase increment set at $1,000. Investors are looking at a long-term instrument, as the bond's maturity date is set for January 6, 2042. Its credit quality is affirmed by leading rating agencies, with a robust AA+ rating from Standard & Poor's (S&P) and an Aa1 rating from Moody's, underpinning its status as a highly-rated, investment-grade fixed-income security. |
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