Bond National Agricultural Credit Banks 1.49% ( US3133EL6M17 ) in USD

Issuer	National Agricultural Credit Banks
Market price	92.809 % ⇌
Country	United States
ISIN code	US3133EL6M17 ( in USD )
Interest rate	1.49% per year ( payment 2 times a year)
Maturity	08/09/2032
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Minimal amount	1 000 USD
Total amount	23 000 000 USD
Cusip	3133EL6M1
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	08/03/2026 ( In 27 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 reveals key characteristics of a debt instrument issued by the Federal Farm Credit Banks, offering insights into its market standing and underlying financial attributes. The Federal Farm Credit Banks represent a significant component of the U.S. financial landscape, forming a nationwide network of borrower-owned lending institutions that provide credit and related services to farmers, ranchers, aquatic producers, agricultural cooperatives, and rural utilities. Operating under the Farm Credit System, these entities are a government-sponsored enterprise (GSE) designed to ensure a stable and reliable source of credit for American agriculture and rural infrastructure, underpinning their role as a consistent issuer of debt securities in the capital markets. This particular bond, identified by ISIN US3133EL6M17 and CUSIP 3133EL6M1, is a USD-denominated obligation issued from the United States. It carries an annual coupon interest rate of 1.49%, with payments distributed semi-annually, aligning with the specified payment frequency of two times per year. The bond matures on September 8, 2032, providing a defined horizon for investors. Currently, the bond is trading at 92.809% of its par value on the open market, reflecting its present valuation. The total size of this specific issuance is $23,000,000, with a minimum purchase requirement set at $1,000, making it accessible to a range of institutional and individual investors. Reflecting the strong creditworthiness of the issuer, the bond holds highly favorable ratings from leading independent credit rating agencies: Standard & Poor's (S&P) has assigned an AA+ rating, while Moody's provides an Aa1 rating. These high investment-grade ratings underscore the perceived low credit risk associated with the Federal Farm Credit Banks and their obligations, positioning this bond as a high-quality fixed-income asset. In summary, this bond from the Federal Farm Credit Banks presents a detailed profile as a high-quality, long-term debt instrument with robust credit backing, offering a specific coupon rate and a defined maturity, making it a noteworthy consideration within fixed-income portfolios.