Bond National Agricultural Credit Banks 0% ( US3133EK6V34 ) in USD

Issuer National Agricultural Credit Banks
Market price 100.008 %  ▲ 
Country  United States
ISIN code  US3133EK6V34 ( in USD )
Interest rate 0%
Maturity 07/11/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 383 000 000 USD
Cusip 3133EK6V3
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.

An overview of a recently matured debt instrument, specifically an obligation issued by the Federal Farm Credit Banks, provides insight into a particular segment of the U.S. fixed-income market. The Federal Farm Credit Banks serve as a critical component of the U.S. financial infrastructure, operating as government-sponsored enterprises (GSEs). As part of the Farm Credit System, their primary mission is to provide a reliable source of credit to farmers, ranchers, agricultural cooperatives, and rural utilities across the United States, thereby supporting the agricultural sector and rural economic development by ensuring access to affordable financing. Their debt instruments are generally considered highly secure due to their governmental sponsorship. This specific bond, identified by ISIN US3133EK6V34 and CUSIP 3133EK6V3, was issued in the United States and denominated in U.S. Dollars (USD). The total original issue size of this particular tranche was $383,000,000, with a minimum purchase size set at $1,000, making it accessible to a range of investors. Notably, this instrument featured a stated interest rate of 0%, suggesting it was likely structured as a zero-coupon bond, sold at a discount and maturing at par, or a similar principal-only repayment mechanism, despite a payment frequency of 2 being indicated. The bond's maturity date was November 7, 2022. Prior to its maturity, the bond was observed trading on the market at a price of 100.008% of its par value. As of this report, the bond has successfully reached its maturity date and has been fully repaid to its holders, concluding its lifecycle in the fixed-income market.