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ItalianoBond National Agricultural Credit Banks 0.27% ( US3133EMDF69 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 100 % ⇌ |
| Country |  United States
|
| ISIN code |
 US3133EMDF69 ( in USD )
|
| Interest rate | 0.27% per year ( payment 2 times a year) |
| Maturity | 15/02/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 USD |
| Total amount | 25 000 000 USD |
| Cusip | 3133EMDF6 |
| 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 analysis of the recently matured debt instrument, identified by ISIN US3133EMDF69 and CUSIP 3133EMDF6, issued by the Federal Farm Credit Banks (FFCB) underscores the stability characteristic of obligations from government-sponsored enterprises. The Federal Farm Credit Banks, a vital component of the U.S. Farm Credit System, serve as a nationwide network providing crucial credit to American agriculture and rural communities, thereby issuing debt to fund their essential lending operations. This particular bond, denominated in USD, carried a fixed interest rate of 0.27% and was part of a total issuance valued at $25,000,000, with a minimum investment threshold of $1,000. Payments were structured semi-annually, reflecting a standard practice for such instruments. Notably, the bond commanded exceptionally high credit ratings, achieving an AA+ from Standard & Poor's and a prime Aaa from Moody's, reflecting its perceived low risk. It successfully reached its maturity date on February 15, 2024, at which point it was repaid at its par value of 100%, completing its life cycle as a fully redeemed financial obligation. |