Bond National Agricultural Credit Banks 2.22% ( US3133EG5E18 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.881 %  ▼ 
Country  United States
ISIN code  US3133EG5E18 ( in USD )
Interest rate 2.22% per year ( payment 2 times a year)
Maturity 27/01/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 75 000 000 USD
Cusip 3133EG5E1
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.

An analysis of a recently matured fixed-income instrument issued by the Federal Farm Credit Banks reveals key characteristics of a United States-originated debt security. The Federal Farm Credit Banks represent a nationwide network of borrower-owned lending institutions and specialized service organizations that provide credit and related services to farmers, ranchers, aquatic producers, agricultural cooperatives, and rural utilities. As government-sponsored enterprises (GSEs), they play a vital role in ensuring a stable and reliable source of credit for the U.S. agricultural sector, typically benefiting from an implicit government backing, which often translates to favorable borrowing rates in the market. This particular obligation, identified by ISIN US3133EG5E18 and CUSIP 3133EG5E1, carried a coupon interest rate of 2.22%, with interest payments made semi-annually. The total issue size for this security was USD 75,000,000, with a minimum purchase denomination set at USD 1,000, catering to a range of investors. Its final reported market price before maturity stood at 99.881% of par. Originally set to mature on January 27, 2023, this bond has successfully reached its maturity date and was subsequently redeemed in full, confirming that all principal and final interest payments were made to the bondholders, bringing the lifecycle of this specific debt issuance to a complete and successful close as per its original terms.