Bond National Agricultural Credit Banks 0% ( US3133EM7E63 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133EM7E63 ( in USD )
|
| Interest rate | 0% |
| Maturity | 26/04/2032 |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 88 000 000 USD |
| Cusip | 3133EM7E6 |
| 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 details a specific fixed-income instrument, an obligation identified by ISIN US3133EM7E63 and CUSIP 3133EM7E6, issued from the United States by the Federal Farm Credit Banks. As a government-sponsored enterprise (GSE) within the U.S. financial landscape, the Federal Farm Credit Banks constitute a nationwide network of borrower-owned financial institutions, serving to provide reliable and competitive credit and financial services to farmers, ranchers, agricultural cooperatives, rural utility systems, and rural homeowners, thereby supporting the vitality of rural America. This particular bond, currently quoted at 104.249% of its face value in USD, notably features a 0% interest rate, indicating it is a zero-coupon bond whose pricing reflects its discount or premium to par, and was part of a total issuance valued at $88,000,000, with a minimum investment threshold of $1,000. Slated to mature on April 26, 2032, and despite a listed semi-annual payment frequency (which typically pertains to coupon disbursements not present for a zero-coupon instrument), the bond exhibits exceptional credit quality, underscored by its AA+ rating from Standard & Poor's and Aa1 rating from Moody's, reflecting its issuer's strong financial standing and systemic importance. |
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