Bond National Agricultural Credit Banks 1.57% ( US3133EM6A50 ) in USD

Issuer	National Agricultural Credit Banks
Market price	89 % ▼
Country	United States
ISIN code	US3133EM6A50 ( in USD )
Interest rate	1.57% per year ( payment 2 times a year)
Maturity	23/09/2030
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Minimal amount	1 000 USD
Total amount	185 000 000 USD
Cusip	3133EM6A5
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	23/03/2026 ( In 42 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. A notable fixed-income instrument available on the market is the bond issued by the Federal Farm Credit Banks, identified by ISIN US3133EM6A50 and CUSIP 3133EM6A5. The Federal Farm Credit Banks constitute a nationwide network of borrower-owned lending institutions and specialized service organizations. As a government-sponsored enterprise (GSE), their primary mission is to provide a reliable source of credit to farmers, ranchers, agricultural cooperatives, and rural communities across the United States. This mission-driven financial institution plays a vital role in supporting the U.S. agricultural sector and rural economic development by ensuring access to capital. This specific obligation, issued out of the United States, carries a coupon rate of 1.57% and matures on September 23, 2030. Coupon payments are disbursed semi-annually, reflecting the stated payment frequency of two times per year. The total issuance size for this bond is USD 185,000,000, with a minimum purchase increment set at USD 1,000. Currently, the bond is trading at 86.337% of its par value in USD terms. The robust creditworthiness of the Federal Farm Credit Banks is affirmed by leading rating agencies; Standard & Poor's has assigned an 'AA+' rating, while Moody's has provided an 'Aa1' rating. These high investment-grade ratings underscore the perceived low credit risk associated with the issuer, reflecting their systemic importance and implicit government backing, which is a key consideration for investors seeking stability in their fixed-income portfolios.