Bond National Agricultural Credit Banks 0.25% ( US3133EMAK81 ) in USD

Issuer National Agricultural Credit Banks
Market price 94.675 %  ▼ 
Country  United States
ISIN code  US3133EMAK81 ( in USD )
Interest rate 0.25% per year ( payment 2 times a year)
Maturity 23/09/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 60 000 000 USD
Cusip 3133EMAK8
Standard & Poor's ( S&P ) rating AA+ ( High grade - Investment-grade )
Moody's rating Aaa ( Prime - 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.

An informative financial overview details the US3133EMAK81 bond, also identified by CUSIP 3133EMAK8, a fixed-income obligation issued in the United States by the Federal Farm Credit Banks, a government-sponsored enterprise playing a vital role in providing credit to the nation's agricultural and rural communities. This specific bond, denominated in USD, carried an interest rate of 0.25% with biannual payment frequency, and was part of a $60,000,000 total issuance with a minimum purchase size set at $1,000. While its market price was previously observed at 94.675%, the bond matured on September 23, 2024, and has since been fully redeemed, reflecting its excellent credit standing evidenced by a AA+ rating from Standard & Poor's and an Aaa rating from Moody's.