Bond National Agricultural Credit Banks 1.12% ( US3133EL2K96 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133EL2K96 ( in USD )
Interest rate	1.12% per year ( payment 2 times a year)
Maturity	30/07/2029
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Minimal amount	1 000 USD
Total amount	95 000 000 USD
Cusip	3133EL2K9
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	30/07/2026 ( In 171 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. Investors are currently evaluating a bond issuance from the Federal Farm Credit Banks, a prominent entity within the U.S. financial landscape. The Federal Farm Credit Banks (FFCB) comprise a nationwide network of borrower-owned lending institutions and specialized service organizations, established to provide credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities. As a government-sponsored enterprise (GSE), the FFCB plays a crucial role in ensuring a stable and reliable source of credit for the agricultural sector, operating under the oversight of the Farm Credit Administration. Their securities are considered instrumentality debt, benefiting from implicit government support, which contributes to their high creditworthiness. This particular bond, identified by ISIN US3133EL2K96 and CUSIP 3133EL2K9, is denominated in U.S. Dollars (USD) and is currently trading at par, reflecting a market price of 100%. It carries a fixed annual interest rate of 1.12% and is structured to mature on July 30, 2029. With a total issue size amounting to $95,000,000, the bond offers accessibility to a broad range of investors, given a minimal purchase size of $1,000. Interest payments are scheduled semi-annually, occurring twice per year, providing regular income streams for bondholders. The bond's robust credit profile is underscored by its exceptional ratings: AA+ from Standard & Poor's (S&P) and the highest possible rating of Aaa from Moody's. These superior ratings reflect the FFCB's strong financial standing and the perceived low risk of default associated with its obligations, positioning it as a highly secure investment vehicle for those seeking stability and consistent returns within the fixed-income market.