Bond National Agricultural Credit Banks 0% ( US3133EKMB98 ) in USD

Issuer National Agricultural Credit Banks
Market price 100.019 %  ▲ 
Country  United States
ISIN code  US3133EKMB98 ( in USD )
Interest rate 0%
Maturity 20/05/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 325 000 000 USD
Cusip 3133EKMB9
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 report details the characteristics and ultimate resolution of a specific debt instrument, identified as a bond under ISIN Code US3133EKMB98 and CUSIP 3133EKMB9. The issuer of this particular financial obligation was the Federal Farm Credit Banks, a crucial component of the United States' Farm Credit System. As a Government-Sponsored Enterprise (GSE), the Federal Farm Credit Banks play a vital role in providing a stable source of credit for farmers, ranchers, and agricultural cooperatives across the United States. Their debt instruments are highly regarded in the financial markets, benefiting from their unique position within the U.S. financial system and the implicit backing associated with their public purpose, often leading to strong credit ratings and a perception of low credit risk. Issued in the United States and denominated in USD, this specific bond had a total issuance size of $325,000,000, with a minimum purchase increment set at $1,000. Its key features included an interest rate of 0% and a reported payment frequency of 2, indicating its nature as a zero-coupon instrument where returns are typically derived from a discount at issuance rather than recurring interest payments. The bond reached its maturity on May 20, 2022, and its final market valuation prior to redemption was observed at 100.019% of par. Subsequent to its maturity date, the obligation has been fully redeemed and reimbursed to its holders, concluding its lifecycle within the financial markets.