Bond National Agricultural Credit Banks 0.46% ( US3133ELL510 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▲ 
Country  United States
ISIN code  US3133ELL510 ( in USD )
Interest rate 0.46% per year ( payment 2 times a year)
Maturity 01/04/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 150 000 000 USD
Cusip 3133ELL51
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.

This financial article details the recently matured bond identified by ISIN US3133ELL510 (CUSIP: 3133ELL51), which was issued by the Federal Farm Credit Banks. As of its maturity date on April 1, 2024, this obligation has successfully matured and been fully redeemed. The Federal Farm Credit Banks represent a critical component of the U.S. government-sponsored enterprise (GSE) landscape, operating as part of the broader Farm Credit System. This system is a nationwide network designed to provide a reliable and consistent source of credit for farmers, ranchers, agricultural cooperatives, and rural utility systems across the United States, thereby supporting the vitality of the nation's agricultural sector and rural infrastructure. The bond itself, denominated in USD, was originally issued as part of a total offering size of $150,000,000, with a minimum purchase amount set at $1,000. It featured an annual interest rate of 0.46%, with interest payments distributed semi-annually to investors. Upon its redemption, the bond?s market price stood at 100% of its face value. Reflecting the strong financial health and implicit government backing associated with the issuer's GSE status, the bond commanded exceptionally high credit ratings: an AA+ from Standard & Poor's (S&P) and the highest possible Aaa rating from Moody's, both signifying a very low credit risk profile. The successful and timely redemption of this bond reinforces the reputation for stability and dependability characteristic of debt instruments issued by the Federal Farm Credit Banks.