Bond National Agricultural Credit Banks 1.875% ( US3133EHLY71 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 100 % ⇌ |
| Country | United States
|
| ISIN code |
US3133EHLY71 ( in USD )
|
| Interest rate | 1.875% per year ( payment 2 times a year) |
| Maturity | 02/06/2022 - Bond has expired |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 155 000 000 USD |
| Cusip | 3133EHLY7 |
| Standard & Poor's ( S&P ) rating | N/A |
| Moody's rating | N/A |
| 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 recently matured fixed-income instrument issued by the Federal Farm Credit Banks, identified by ISIN US3133EHLY71 and CUSIP 3133EHLY7, offers a representative case study within the U.S. debt market. The issuer, the Federal Farm Credit Banks, constitutes a vital part of the U.S. Farm Credit System, a government-sponsored enterprise (GSE) established to provide a reliable source of credit to farmers, ranchers, and agricultural cooperatives across the United States. These banks raise funds in the capital markets through the issuance of bonds to support their mission of financing American agriculture and rural development, operating under the regulatory oversight of the Farm Credit Administration. This particular bond, denominated in USD, was issued in the United States with a total size of $155,000,000 and a minimum purchase amount of $1,000. It featured an annual interest rate of 1.875%, with interest payments distributed on a semi-annual basis. The bond reached its maturity on June 2, 2022, and was subsequently repaid in full at par, reflecting a final redemption price of 100%. |
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