Bond National Agricultural Credit Banks 1.5% ( US3133EK3B07 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.9445 %  ▲ 
Country  United States
ISIN code  US3133EK3B07 ( in USD )
Interest rate 1.5% per year ( payment 2 times a year)
Maturity 16/10/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 175 000 000 USD
Cusip 3133EK3B0
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.

A bond, identified by ISIN US3133EK3B07 and CUSIP 3133EK3B0, was issued by the Federal Farm Credit Banks, a U.S. government-sponsored enterprise primarily serving agriculture and rural communities with financial services. This particular USD-denominated obligation, which carried a 1.5% coupon rate and featured semi-annual interest payments, represented a total issuance volume of $175,000,000 with a minimum purchase increment of $1,000. Having reached its maturity date on October 16, 2024, the bond has since been fully redeemed; prior to its redemption, it was last quoted on the market at 99.9445% of par. Reflecting its high credit quality, the bond received top-tier ratings of AA+ from Standard & Poor's (S&P) and Aaa from Moody's.