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ItalianoBond National Agricultural Credit Banks 0% ( US3133EM3Z39 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 100 % ⇌ |
| Country |  United States
|
| ISIN code |
 US3133EM3Z39 ( in USD )
|
| Interest rate | 0% |
| Maturity | 01/09/2023 - 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 | 50 000 000 USD |
| Cusip | 3133EM3Z3 |
| 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 analysis focuses on the recently matured Federal Farm Credit Banks (FFCBs) bond, identified by ISIN US3133EM3Z39 and CUSIP 3133EM3Z3. As a government-sponsored enterprise (GSE) operating within the United States, the Federal Farm Credit Banks play a critical role in providing credit and financial services to the agricultural sector, encompassing farmers, ranchers, and rural utility providers across the nation; their debt issuances, such as this bond, are fundamental to funding these vital operations and are characterized by high credit quality due to their implicit government backing. This specific obligation, denominated in USD, had an original total issue size of $50,000,000 with a minimum purchase amount of $1,000, and notably carried a 0% interest rate, indicating it was likely structured as a discount note or a short-term instrument without explicit coupon payments. Successfully reaching its maturity on September 1, 2023, the bond was fully reimbursed to investors at its 100% market price, a testament to its secure nature, further underscored by its exceptional credit ratings of AA+ from Standard & Poor's and Aaa from Moody's. |