Bond National Agricultural Credit Banks 2.125% ( US3133EKPG58 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.1027 %  ▼ 
Country  United States
ISIN code  US3133EKPG58 ( in USD )
Interest rate 2.125% per year ( payment 2 times a year)
Maturity 05/09/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 40 000 000 USD
Cusip 3133EKPG5
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 examination of the financial instrument identified by ISIN US3133EKPG58 and CUSIP 3133EKPG5 reveals a matured bond issued by the Federal Farm Credit Banks (FFCB), a prominent entity within the United States' financial landscape. The FFCB system comprises a network of borrower-owned financial institutions dedicated to providing reliable and competitive credit to farmers, ranchers, and agricultural cooperatives, as well as rural utility systems, agribusinesses, and rural homeowners across the United States. As a government-sponsored enterprise (GSE), the FFCB plays a critical role in ensuring the liquidity and stability of the agricultural and rural economies by issuing debt securities, such as this bond, to fund its lending operations. These obligations are widely regarded in the capital markets due to the system's strong financial performance and its integral function within the U.S. agricultural sector. This specific debt instrument, denominated in U.S. Dollars (USD) and issued within the United States, carried an annual interest rate of 2.125%, with payments distributed semi-annually to bondholders. The total aggregate size of this particular issuance was USD 40,000,000, with a minimum purchase amount set at USD 1,000, facilitating participation from a broad range of investors. Prior to its maturity, the bond's last reported market price was 99.1027% of its par value. The bond reached its scheduled maturity date on September 5, 2023, and has since been fully repaid, concluding its life cycle as a debt obligation of the Federal Farm Credit Banks.