Bond National Agricultural Credit Banks 2.4% ( US3133EKQG40 ) in USD
| Issuer | National Agricultural Credit Banks | ||
| Market price | |||
| Country | United States
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| ISIN code |
US3133EKQG40 ( in USD )
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| Interest rate | 2.4% per year ( payment 2 times a year) | ||
| Maturity | 12/06/2028 | ||
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| Minimal amount | 1 000 USD | ||
| Total amount | 15 000 000 USD | ||
| Cusip | 3133EKQG4 | ||
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) | ||
| Moody's rating | Aaa ( Prime - Investment-grade ) | ||
| Next Coupon | 12/06/2026 ( In 123 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. An in-depth analysis of a significant fixed-income offering reveals details concerning a bond issued by the Federal Farm Credit Banks. This specific debt instrument, identified by its ISIN code US3133EKQG40 and CUSIP code 3133EKQG4, originates from the United States and is denominated in US Dollars (USD). The Federal Farm Credit Banks (FFCB) constitute a nationwide system of cooperatively owned banks and associations that provide credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities. As a government-sponsored enterprise (GSE), FFCB debt instruments are typically regarded as highly secure investments, benefiting from their critical role in supporting the U.S. agricultural economy and an implicit government backing. This particular bond currently trades at par, with a market price quoted at 100% of its face value. It offers an annual interest rate, or coupon, of 2.4%, with payments distributed semi-annually, reflecting its payment frequency of two times per year. The total size of this bond issuance is 15,000,000 USD, while the minimum investment size for purchase is set at 1,000 USD, allowing for broad investor participation. The bond is slated to mature on December 6, 2028, providing a defined investment horizon. Reflecting its strong creditworthiness, the bond has received highly favorable ratings from major credit agencies: Standard & Poor's has assigned it an AA+ rating, while Moody's has awarded its top-tier Aaa rating, underscoring the exceptional quality and low default risk associated with this financial instrument. |
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