Bond National Agricultural Credit Banks 3.51% ( US3133EJKT51 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133EJKT51 ( in USD )
Interest rate	3.51% per year ( payment 2 times a year)
Maturity	11/06/2040
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Minimal amount	1 000 USD
Total amount	12 000 000 USD
Cusip	3133EJKT5
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	11/06/2026 ( In 122 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. A noteworthy debt instrument, issued by the Federal Farm Credit Banks (FFCBs), a critical component of the U.S. financial landscape, is currently available on the market. This bond, identified by ISIN US3133EJKT51 and CUSIP 3133EJKT5, originates from the United States and trades at par, reflecting a current market price of 100% in U.S. Dollars (USD). The FFCBs comprise a nationwide network of borrower-owned financial institutions and service organizations. They are government-sponsored enterprises (GSEs) chartered by Congress to provide a dependable source of credit to farmers, ranchers, agricultural cooperatives, rural utility systems, and rural homeowners. Their mission-driven nature and implicit government support contribute significantly to their robust financial standing. This particular obligation carries an attractive annual interest rate of 3.51%, with coupon payments scheduled semi-annually, reflecting a payment frequency of two times per year. The total issue size for this offering stands at $12,000,000, with a minimum purchase amount set at $1,000, making it accessible to a range of institutional and individual investors. Investors seeking long-term stability will note its distant maturity date of November 6, 2040. Reflecting the exceptional creditworthiness of the Federal Farm Credit Banks, this bond has received sterling evaluations from leading credit rating agencies: Standard & Poor's (S&P) has assigned an AA+ rating, while Moody's has awarded its top-tier Aaa rating, underscoring the instrument's low credit risk profile.