Bond National Agricultural Credit Banks 1.23% ( US3133EL6D18 ) in USD

Issuer	National Agricultural Credit Banks
Market price	90.768 % ▲
Country	United States
ISIN code	US3133EL6D18 ( in USD )
Interest rate	1.23% per year ( payment 2 times a year)
Maturity	10/09/2029
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Minimal amount	1 000 USD
Total amount	395 000 000 USD
Cusip	3133EL6D1
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	10/03/2026 ( In 29 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. A recent bond issuance, identified by ISIN US3133EL6D18 and CUSIP 3133EL6D1, from the Federal Farm Credit Banks (FFCB) is available for investor consideration, representing a notable opportunity within the high-grade debt market. The FFCB, a government-sponsored enterprise (GSE) based in the United States, plays a crucial role in providing credit and related services to farmers, ranchers, and rural infrastructure, forming an integral part of the broader U.S. Farm Credit System; its robust financial standing and implicit support from the U.S. government contribute significantly to its elevated credit ratings. This specific bond carries a coupon rate of 1.23% payable semi-annually, denominated in USD, and is set to mature on September 10, 2029. The total issue size for this offering is $395,000,000, with a minimum purchase increment set at $1,000. Currently, the bond is trading on the market at 87.9% of its par value. Underscoring its strong creditworthiness and low perceived risk, the bond has been assigned a rating of AA+ by Standard & Poor's and Aa1 by Moody's, reflecting the issuer's stability and capacity to meet its financial obligations.