Bond National Agricultural Credit Banks 2.17% ( US3133EHPU14 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 100 % ▲ |
| Country | United States
|
| ISIN code |
US3133EHPU14 ( in USD )
|
| Interest rate | 2.17% per year ( payment 2 times a year) |
| Maturity | 26/09/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 USD |
| Total amount | 30 000 000 USD |
| Cusip | 3133EHPU1 |
| 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. A recently matured debt instrument from the Federal Farm Credit Banks, identified by ISIN US3133EHPU14 and CUSIP 3133EHPU1, concluded its lifecycle, having been fully redeemed at its par value of 100%. This bond, issued within the United States and denominated in US Dollars (USD), featured a fixed annual interest rate of 2.17%, with interest payments disbursed semi-annually to investors. The total issuance size for this specific bond was $30,000,000, with a minimum investment threshold set at $1,000. Its maturity date was September 26, 2024. The issuer, Federal Farm Credit Banks, comprises a network of government-sponsored enterprises (GSEs) critical to the United States' agricultural sector, established to provide reliable and consistent credit to farmers, ranchers, agricultural cooperatives, and rural utilities, thereby serving as a foundational pillar of rural finance with strong implicit government support. The bond's exceptional credit quality was consistently affirmed by leading rating agencies, receiving an AA+ rating from Standard & Poor's and an Aaa rating from Moody's, reflecting the issuer's robust financial standing and the stability derived from its government-sponsored status. |
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