Bond National Agricultural Credit Banks 1.87% ( US3133EM4B51 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133EM4B51 ( in USD )
Interest rate	1.87% per year ( payment 2 times a year)
Maturity	01/09/2033
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Minimal amount	1 000 USD
Total amount	210 000 000 USD
Cusip	3133EM4B5
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	01/03/2026 ( In 20 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 analysis focuses on a specific fixed-income instrument: a bond issued by the Federal Farm Credit Banks, identified by its ISIN US3133EM4B51 and CUSIP 3133EM4B5. This offering represents a notable opportunity within the U.S. dollar-denominated debt market for investors prioritizing stability and credit quality. The issuer, Federal Farm Credit Banks, is a crucial component of the Farm Credit System, a network of cooperatively-owned financial institutions operating under a government-sponsored enterprise (GSE) charter in the United States. Established by congressional mandate, the Farm Credit System plays a vital role in providing a reliable and competitive source of credit to farmers, ranchers, rural homeowners, and agricultural businesses across the nation. Given their status as a GSE, obligations issued by the Federal Farm Credit Banks are widely considered to carry an implicit backing from the U.S. government, which significantly contributes to their exceptional credit standing and perceived safety among investors. Delving into the specifics of this bond, it carries a coupon interest rate of 1.87% and is currently trading at par, indicated by its 100% market price. Denominated in United States Dollars (USD), the total issuance size for this particular security stands at $210,000,000, catering to both institutional and individual investors with a minimum purchase requirement set at $1,000. The bond features a long-term maturity profile, set to expire on September 1, 2033, providing sustained fixed-income exposure over the coming decade. A testament to its robust credit profile, the bond has received top-tier ratings from leading independent credit rating agencies. Standard & Poor's has assigned an impressive AA+ rating, while Moody's has awarded its highest possible Aaa rating. These stellar evaluations underscore the bond's very strong capacity to meet its financial commitments, reflecting both the inherent strength of the Federal Farm Credit Banks and the implicit support derived from its GSE status. Income payments to bondholders are structured with a frequency of two times per year, typically on a semi-annual basis, ensuring a consistent stream of returns throughout the bond's tenure.