Bond National Agricultural Credit Banks 0.66% ( US3133EM5K42 ) in USD

Issuer	National Agricultural Credit Banks
Market price	89.305 % ⇌
Country	United States
ISIN code	US3133EM5K42 ( in USD )
Interest rate	0.66% per year ( payment 2 times a year)
Maturity	15/09/2025 - Bond has expired
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Minimal amount	1 000 USD
Total amount	25 000 000 USD
Cusip	3133EM5K4
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - 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 a specific bond (ISIN: US3133EM5K42, CUSIP: 3133EM5K4), issued by the Federal Farm Credit Banks, a crucial government-sponsored enterprise (GSE) established in the United States to support the nation's agricultural sector and rural communities by providing dependable credit and related services through a nationwide network of borrower-owned institutions. Currently trading on the market at 89.305% of its par value in USD, this obligation offers a fixed interest rate of 0.66%, paid semi-annually, with its maturity set for September 15, 2025. The total issue size for this particular bond stands at $25,000,000, with a minimum purchase increment of $1,000, making it accessible to a range of investors. Reflecting its perceived low credit risk stemming from its GSE status, the bond holds exceptionally high credit ratings: AA+ from Standard & Poor's and Aa1 from Moody's, positioning it as a highly rated, relatively short-term fixed-income instrument within the U.S. market.