Bond National Agricultural Credit Banks 1.81% ( US3133EGHM07 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 99.51 % ⇌ |
| Country | United States
|
| ISIN code |
US3133EGHM07 ( in USD )
|
| Interest rate | 1.81% per year ( payment 2 times a year) |
| Maturity | 24/03/2025 - Bond has expired |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 5 000 000 USD |
| Cusip | 3133EGHM0 |
| 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 analysis focuses on the recently matured bond issued by the Federal Farm Credit Banks, identified by ISIN US3133EGHM07 and CUSIP 3133EGHM0. The Federal Farm Credit Banks (FFCB) serves as a critical U.S. government-sponsored enterprise (GSE), providing essential credit and financial services to farmers, ranchers, and rural utility systems across the United States; its robust operational framework and implied government backing underpin its exceptionally high credit standing. This specific obligation, denominated in USD, featured a fixed annual interest rate of 1.81% and was part of a larger issuance totaling $5,000,000, with a minimum purchase increment set at $1,000. Interest payments were disbursed semi-annually. Originally scheduled to mature on March 24, 2025, the bond has since completed its full term and has been successfully redeemed by the issuer, fulfilling all obligations. Prior to its redemption, the bond demonstrated stable market performance, with a noted trading price of 99.51% of its face value. Its investment-grade status was consistently affirmed by leading rating agencies: Standard & Poor's assigned a distinguished AA+ rating, while Moody's provided its highest possible rating of Aaa, reflecting the issuer's outstanding financial strength and minimal credit risk. |
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