Bond National Agricultural Credit Banks 3.07% ( US3133EJ3P29 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.865 %  ▲ 
Country  United States
ISIN code  US3133EJ3P29 ( in USD )
Interest rate 3.07% per year ( payment 2 times a year)
Maturity 21/03/2025 - Bond has expired



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Minimal amount 1 000 USD
Total amount 30 000 000 USD
Cusip 3133EJ3P2
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 article provides an overview of a recently matured bond, identified by ISIN US3133EJ3P29 and CUSIP 3133EJ3P2, issued by the Federal Farm Credit Banks. The Federal Farm Credit Banks constitute a nationwide network of borrower-owned lending institutions and specialized service organizations that provide credit and related services to farmers, ranchers, and producers or harvesters of aquatic products, rural homeowners, and associations and businesses serving agriculture and rural America, operating as a government-sponsored enterprise (GSE) within the United States. This bond, denominated in US Dollars (USD), featured a fixed annual interest rate of 3.07%, with payments distributed semi-annually, reflecting its nature as a standard fixed-income instrument. The total original issuance size for this specific bond series amounted to $30,000,000, with a minimum purchase increment set at $1,000, making it accessible to a range of investors. Prior to its maturity, the bond was observed trading at 99.865% of its par value on the market. Notably, this bond reached its maturity on March 21, 2025, and has since been fully repaid, concluding its lifecycle. Reflecting the robust creditworthiness and systemic importance of its issuer, the bond held exceptional credit ratings from leading agencies: an AA+ rating from Standard & Poor's (S&P) and an Aaa rating from Moody's, both indicating very high credit quality and extremely low default risk.