Bond National Agricultural Credit Banks 0% ( US3133EJDG14 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.991 %  ▼ 
Country  United States
ISIN code  US3133EJDG14 ( in USD )
Interest rate 0%
Maturity 21/02/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 100 000 000 USD
Cusip 3133EJDG1
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.

The Federal Farm Credit Banks, a nationwide network of borrower-owned lending institutions and specialized service organizations that function as a government-sponsored enterprise (GSE) providing crucial credit to farmers, ranchers, agricultural cooperatives, and rural businesses across the United States, recently finalized the repayment of one of their debt instruments. This particular bond, bearing the ISIN code US3133EJDG14 and CUSIP code 3133EJDG1, was issued in the United States and was denominated in U.S. Dollars (USD). With a total issue size of $100,000,000 and a minimum purchase size of $1,000, this security reached its maturity date on February 21, 2023. Notably, it was structured as a zero-coupon bond, which implies an interest rate of 0%, meaning it did not disburse periodic interest payments; instead, the investor's return was derived from the bond's discount at issuance and realized as the difference between the purchase price and the full principal repayment at maturity. While a payment frequency of two (semiannual) was recorded for the bond, this generally refers to classification standards rather than actual recurring interest disbursements for a zero-coupon instrument. The last reported market price for this bond prior to its maturity was 99.991% of its face value. This bond has successfully matured and has been fully repaid to its holders, underscoring the Federal Farm Credit Banks' ongoing financial reliability in supporting the nation's agricultural sector.