Bond National Agricultural Credit Banks 3.7% ( US3133EJ2U23 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133EJ2U23 ( in USD )
|
| Interest rate | 3.7% per year ( payment 2 times a year) |
| Maturity | 14/12/2038 |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 15 000 000 USD |
| Cusip | 3133EJ2U2 |
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
| Moody's rating | Aaa ( Prime - Investment-grade ) |
| Next Coupon | 14/06/2026 ( In 125 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. This financial analysis presents a detailed overview of a specific debt instrument, identified by ISIN US3133EJ2U23 and CUSIP 3133EJ2U2, issued by the Federal Farm Credit Banks, a prominent government-sponsored enterprise (GSE) based in the United States. The Federal Farm Credit Banks are instrumental in supporting the U.S. agricultural sector and rural communities by providing a consistent and reliable source of credit to farmers, ranchers, and agricultural cooperatives, thereby fostering economic stability and growth within these vital areas. This particular bond, denominated in USD, is currently trading at par, valued at 100% of its face value in the market, and offers an annual interest rate of 3.7%, with payments distributed semi-annually. The total issuance size for this obligation is $15,000,000, and it is accessible to investors with a minimum purchase size of $1,000. The bond is set to mature on December 14, 2038, providing a long-term investment horizon. Demonstrating exceptional credit quality, the instrument holds a robust 'AA+' rating from Standard & Poor's (S&P) and an even stronger 'Aaa' rating from Moody's, reflecting the market's confidence in the issuer's financial stability and the implicit backing associated with its GSE status. |
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