Bond National Agricultural Credit Banks 3.5% ( US3133EKBP04 ) in USD

Issuer	National Agricultural Credit Banks
Market price	88.215 % ⇌
Country	United States
ISIN code	US3133EKBP04 ( in USD )
Interest rate	3.5% per year ( payment 2 times a year)
Maturity	28/02/2039
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Minimal amount	1 000 USD
Total amount	30 000 000 USD
Cusip	3133EKBP0
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	28/02/2026 ( In 19 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. This financial analysis focuses on a specific bond issued by the Federal Farm Credit Banks, identified by ISIN US3133EKBP04 and CUSIP 3133EKBP0. The issuer, Federal Farm Credit Banks, is a crucial component of the U.S. Farm Credit System, operating as a government-sponsored enterprise (GSE) headquartered in the United States. Its primary mission is to provide credit and related services to farmers, ranchers, and rural utility providers, thus supporting the nation's agricultural and rural economies by ensuring a reliable source of funding for these vital sectors. The FFCB functions as a network of borrower-owned financial institutions, which underpins its stability and the strong credit backing for its issued securities. This particular bond, maturing on February 28, 2039, offers a fixed interest rate of 3.5% per annum, with payments distributed semi-annually, reflecting a payment frequency of two times per year. The total size of this specific issuance is $30,000,000, with a minimum investment threshold set at $1,000, making it accessible to a range of institutional and individual investors. Denominated in U.S. Dollars (USD), the bond is currently trading on the market at 85.764% of its par value, indicating it is available at a discount. The bond's strong creditworthiness is underscored by its high ratings from leading agencies: Standard & Poor's has assigned an AA+ rating, while Moody's has rated it Aa1. These ratings signify a very strong capacity to meet financial commitments, reflecting the low credit risk associated with the Federal Farm Credit Banks as an issuer.