Bond National Agricultural Credit Banks 2.39% ( US3133ELLU61 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133ELLU61 ( in USD )
Interest rate	2.39% per year ( payment 2 times a year)
Maturity	07/02/2039
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Minimal amount	1 000 USD
Total amount	20 000 000 USD
Cusip	3133ELLU6
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	07/08/2026 ( In 179 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 examination of a current fixed-income offering reveals a bond issued by the Federal Farm Credit Banks, identified by its ISIN code US3133ELLU61 and CUSIP code 3133ELLU6. This obligation, originating from the United States and denominated in USD, is presently trading on the market at its par value of 100%. It features a fixed interest rate of 2.39%, with interest payments disbursed semi-annually, reflecting a payment frequency of two times per year. The bond carries a maturity date of July 2, 2039, offering a long-term investment horizon. The total issuance size for this particular series amounts to 20,000,000 units, with a minimum purchase size of 1,000 units, making it accessible to a range of investors. As the issuer, the Federal Farm Credit Banks are a key component of the U.S. government-sponsored Farm Credit System, a nationwide network of borrower-owned institutions that provide credit and related services to agriculture and rural America, funding their operations through the issuance of debt securities like this bond. Their status as a Government-Sponsored Enterprise (GSE) contributes significantly to the bond's high credit quality, evidenced by its robust AA+ rating from Standard & Poor's (S&P) and a top-tier Aaa rating from Moody's. These strong ratings underscore the bond's very low credit risk, positioning it as a secure and attractive asset within the fixed-income landscape for investors seeking stability and consistent returns.