Bond National Agricultural Credit Banks 0.92% ( US3133ELTU89 ) in USD

Issuer	National Agricultural Credit Banks
Market price	99.0107 % ▼
Country	United States
ISIN code	US3133ELTU89 ( in USD )
Interest rate	0.92% per year ( payment 2 times a year)
Maturity	18/03/2024 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	170 000 000 USD
Cusip	3133ELTU8
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 insight into the fixed-income market reveals the recent maturity and full repayment of a specific debt security issued by the Federal Farm Credit Banks. Identified by ISIN US3133ELTU89 and CUSIP 3133ELTU8, this bond, denominated in USD, originated from the United States and was a key offering from a significant U.S. government-sponsored enterprise. The Federal Farm Credit Banks constitute a nationwide network of borrower-owned lending institutions, providing credit and financial services to farmers, ranchers, and rural residents, as well as agricultural and rural utility cooperatives across the United States. Their pivotal role is to support the U.S. agricultural sector and rural economies by ensuring a reliable source of funding. This particular bond carried a coupon rate of 0.92% and represented a total issuance size of $170,000,000. It was accessible to investors with a minimum purchase size of $1,000, illustrating its design for a broad investor base, with interest payments structured at a semi-annual frequency. The bond reached its scheduled maturity date on March 18, 2024, at which point it was fully repaid, concluding its lifecycle. Prior to its redemption, the bond's market price was observed at 99.0107% of its face value, reflecting its trading dynamics in the secondary market leading up to its final settlement.