Bond National Agricultural Credit Banks 3.02% ( US3133EJYM52 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.7973 %  ▲ 
Country  United States
ISIN code  US3133EJYM52 ( in USD )
Interest rate 3.02% per year ( payment 2 times a year)
Maturity 04/09/2025 - Bond has expired



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Minimal amount 1 000 USD
Total amount 100 000 000 USD
Cusip 3133EJYM5
Standard & Poor's ( S&P ) rating AA+ ( High grade - Investment-grade )
Moody's rating Aa1 ( High grade - 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.

A recent market observation highlights the availability of a fixed-income instrument, an obligation identified by ISIN US3133EJYM52 and CUSIP 3133EJYM5, issued by the Federal Farm Credit Banks (FFCBs). The FFCBs constitute a U.S. government-sponsored enterprise (GSE) and a nationwide network of borrower-owned lending institutions, playing a crucial role in providing credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities across the United States. Established under the Farm Credit Act of 1971, their mission is to support the nation's agricultural and rural economies by ensuring a stable and reliable source of funding for these sectors, underscoring their systemic importance within the U.S. financial landscape. This particular bond, denominated in USD and originating from the United States, is currently trading on the market at 99.722% of its par value. It features a fixed interest rate, or coupon, of 3.02%, with interest payments disbursed semi-annually, indicating a payment frequency of two times per year. The total size of this issuance stands at 100,000,000 units, with a minimum purchase increment set at 1,000 units. Investors can anticipate the bond's maturity on September 4, 2025. The credit quality of this instrument is affirmed by strong ratings from leading agencies: Standard & Poor's has assigned an AA+ rating, while Moody's has provided an Aa1 rating, both reflecting a very high capacity to meet financial commitments and a low credit risk profile.