Bond National Agricultural Credit Banks 2.05% ( US3133ELJR60 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133ELJR60 ( in USD )
Interest rate	2.05% per year ( payment 2 times a year)
Maturity	23/01/2029
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Minimal amount	1 000 USD
Total amount	80 000 000 USD
Cusip	3133ELJR6
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	23/07/2026 ( In 164 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. This financial article presents a detailed overview of a fixed-income security issued by the Federal Farm Credit Banks, a crucial entity within the U.S. financial landscape. The Federal Farm Credit Banks (FFCBs) constitute a nationwide network of government-sponsored enterprises (GSEs) forming part of the broader Farm Credit System, with their primary mission being to provide reliable and consistent credit and financially related services to American farmers, ranchers, aquatic producers, rural homeowners, and agricultural cooperatives, thereby supporting the vitality of the nation's agricultural and rural economies; as GSEs, FFCBs issue debt securities in the capital markets to fund their lending operations, and their obligations are generally perceived as having extremely low credit risk due to their statutory mission and implicit government backing. This specific bond, identified by ISIN US3133ELJR60 and CUSIP 3133ELJR6, was issued in the United States and is currently trading at par, reflecting 100% of its face value. Denominated in U.S. Dollars (USD), the bond carries an attractive coupon rate of 2.05% and is part of a total issuance size of $80,000,000, with investors able to acquire this bond with a minimum purchase amount of $1,000. It is set to mature on January 23, 2029, with interest payments distributed semi-annually, occurring twice per year. Reflecting its strong financial standing and the robust nature of its issuer, the bond boasts exceptional credit ratings from leading agencies: Standard & Poor's has assigned an 'AA+' rating, while Moody's has awarded its highest possible rating of 'Aaa'.