Bond National Agricultural Credit Banks 2.57% ( US3133EJDE65 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133EJDE65 ( in USD )
Interest rate	2.57% per year ( payment 2 times a year)
Maturity	16/02/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	75 000 000 USD
Cusip	3133EJDE6
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 details a specific fixed-income instrument, an obligation identified by ISIN US3133EJDE65 and CUSIP 3133EJDE6, issued by the Federal Farm Credit Banks, a network of government-sponsored enterprises (GSEs) in the United States. These banks are integral to the U.S. financial system, primarily established to provide credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities, thereby playing a crucial role in supporting the nation's agricultural sector. This particular bond, denominated in USD, featured a coupon interest rate of 2.57% and represented a total issue size of $75,000,000, with a minimum purchase increment of $1,000. Originally issued from the United States, this obligation reached its maturity on February 16, 2023, at which point its market price stood at 100% of its face value, and it has since been successfully redeemed and repaid to investors. The bond's interest payments were structured with a frequency of two times per year. Reflecting the issuer's robust financial health and its status as a GSE, the obligation received exceptionally strong credit ratings: AA+ from Standard & Poor's (S&P) and Aaa from Moody's, indicating a very low credit risk profile.