Bond National Agricultural Credit Banks 0.24% ( US3133EMDL38 ) in USD

Issuer	National Agricultural Credit Banks
Market price	99.9918 % ▼
Country	United States
ISIN code	US3133EMDL38 ( in USD )
Interest rate	0.24% per year ( payment 2 times a year)
Maturity	15/08/2023 - 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	39 760 000 USD
Cusip	3133EMDL3
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 specific fixed-income instrument, identified by ISIN US3133EMDL38 and CUSIP 3133EMDL3, recently reached its maturity on August 15, 2023, and has subsequently been fully repaid to investors. This bond was issued by the Federal Farm Credit Banks, a U.S.-based entity forming part of the Farm Credit System, a nationwide network of borrower-owned lending institutions and specialized service organizations established by Congress to provide a reliable source of credit for agriculture and rural America. As a Government-Sponsored Enterprise (GSE), the Federal Farm Credit Banks issue debt securities in the capital markets to fund loans for farmers, ranchers, agricultural cooperatives, and rural utilities, playing a vital role in supporting the nation's agricultural economy. Denominated in United States Dollars (USD), this particular issue carried a coupon rate of 0.24% and had a total issuance size of USD 39,760,000. Investors were able to acquire these bonds with a minimum purchase increment of USD 1,000. During its active period, the bond offered semi-annual interest payments, consistent with its stated frequency of 2 per year. Prior to its maturity, the bond was observed trading on the market at a price of 99.9918% of par. Confirming its lifecycle completion, the bond officially matured and was redeemed as planned on August 15, 2023, concluding its obligation to bondholders.