Bond National Agricultural Credit Banks 0% ( US3133EKGP58 ) in USD

Issuer National Agricultural Credit Banks
Market price 100.044 %  ▲ 
Country  United States
ISIN code  US3133EKGP58 ( in USD )
Interest rate 0%
Maturity 11/04/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 200 000 000 USD
Cusip 3133EKGP5
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 notable financial instrument, identified by ISIN US3133EKGP58 and CUSIP 3133EKGP5, issued by the Federal Farm Credit Banks, has successfully concluded its lifecycle, having matured and been fully redeemed on April 11, 2022. The Federal Farm Credit Banks (FFCB), a critical component of the U.S. financial landscape, operate as a government-sponsored enterprise (GSE) within the Farm Credit System. This system is a nationwide network of borrower-owned lending institutions and specialized service organizations dedicated to providing credit and financially related services to farmers, ranchers, agricultural cooperatives, rural utility systems, and other entities involved in the U.S. agricultural sector and rural communities. Their mission is to support a stable and reliable source of credit for agriculture and rural America, operating under the oversight of the independent federal regulator, the Farm Credit Administration. This specific bond, denominated in U.S. Dollars (USD), was a zero-coupon obligation, as indicated by its 0% interest rate, meaning investors received no periodic interest payments but rather purchased the bond at a discount and were repaid its full face value at maturity. With a total issue size of $200,000,000 USD and a minimum purchase threshold of $1,000, this instrument was designed for broad accessibility. Prior to its redemption, the bond was observed trading on the secondary market at a price of 100.044% of its par value, reflecting its imminent maturity and the perceived stability associated with its issuer. Its successful redemption on the stated maturity date underscores the reliability of the Federal Farm Credit Banks as an issuer within the U.S. debt market.