Bond National Agricultural Credit Banks 0% ( US3133EM6F48 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.9992 %  ▼ 
Country  United States
ISIN code  US3133EM6F48 ( in USD )
Interest rate 0%
Maturity 27/09/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 675 000 000 USD
Cusip 3133EM6F4
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.

**Federal Farm Credit Banks Bond US3133EM6F48 Successfully Matures and Redeems** A specific debt instrument issued by the Federal Farm Credit Banks, identified by the International Securities Identification Number (ISIN) US3133EM6F48 and the CUSIP code 3133EM6F4, has reached its maturity date on September 27, 2023, and has been fully repaid to its bondholders. This bond originated from the United States and was denominated in U.S. Dollars (USD). The issuer, Federal Farm Credit Banks, represents a crucial component of the U.S. financial architecture as a government-sponsored enterprise (GSE). As an integral part of the larger Farm Credit System, these banks form a nationwide network of borrower-owned lending institutions primarily dedicated to providing credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities, thereby underpinning the vitality and stability of the American agricultural and rural economies. While not explicitly guaranteed by the U.S. government, debt obligations issued by the Federal Farm Credit Banks are generally regarded as highly secure investments, reflecting their systemic importance and robust financial standing, and consistently receive strong ratings from major credit rating agencies. This particular bond issuance had a substantial total size of $675,000,000 and was characterized as a zero-coupon instrument, indicated by its 0% interest rate, implying it was likely issued at a discount to its par value and redeemed at par upon maturity. The minimum purchase size for this bond was set at $1,000, ensuring accessibility to a diverse range of investors. Prior to its maturity, the bond was observed trading on the market at a price of 99.9992% of its par value, consistent with the expectation of its imminent and full repayment. While a payment frequency of 2 was specified, typically indicating semi-annual distributions for interest-bearing bonds, for this specific zero-coupon structure, this metric exclusively pertained to the singular principal repayment upon its September 27, 2023 maturity date. The successful repayment marks the complete fulfillment of the issuer's obligations under this debt security.