Bond National Agricultural Credit Banks 1.7% ( US3133ELEA80 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▲ 
Country  United States
ISIN code  US3133ELEA80 ( in USD )
Interest rate 1.7% per year ( payment 2 times a year)
Maturity 17/09/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 60 000 000 USD
Cusip 3133ELEA8
Standard & Poor's ( S&P ) rating AA+ ( High grade - Investment-grade )
Moody's rating Aaa ( Prime - Investment-grade )
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 analytical review of the recently matured bond, identified by ISIN US3133ELEA80 and CUSIP 3133ELEA8, issued by the Federal Farm Credit Banks (FFCBs), underscores its successful lifecycle as a fixed-income instrument. This United States-issued obligation, denominated in US Dollars, featured a 1.7% interest rate with payments distributed semi-annually, reflecting a stable yield for investors. The total issuance size for this specific bond was $60,000,000, structured with a minimum purchase increment of $1,000, making it accessible to a range of investors. The bond reached its scheduled maturity on September 17, 2024, at which point it was redeemed at its par value of 100% of the principal, confirming the return of capital to its holders. The Federal Farm Credit Banks, the issuer of this security, constitute a critical government-sponsored enterprise (GSE) within the U.S. financial system, forming part of the extensive Farm Credit System. This system is a nationwide network of borrower-owned financial institutions dedicated to providing a dependable source of credit to American farmers, ranchers, and rural utility providers, thus playing an indispensable role in supporting the nation's agricultural sector and rural economic development. The implicit governmental backing and the vital public service provided by FFCBs contribute significantly to their strong financial standing. This robust credit profile was consistently recognized by major rating agencies, with Standard & Poor's assigning an impressive AA+ rating and Moody's conferring its highest Aaa rating, both signifying extremely low credit risk. The seamless maturity and redemption of this bond serve as a testament to the reliability of FFCB-issued debt securities, solidifying their reputation as a cornerstone for conservative investment portfolios seeking stability and high credit quality.