Bond National Agricultural Credit Banks 0% ( US3133EMKQ42 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▲ 
Country  United States
ISIN code  US3133EMKQ42 ( in USD )
Interest rate 0%
Maturity 16/11/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 100 000 000 USD
Cusip 3133EMKQ4
Standard & Poor's ( S&P ) rating N/A
Moody's rating N/A
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 recently matured fixed-income instrument, identified by ISIN US3133EMKQ42 and CUSIP 3133EMKQ4, has successfully concluded its lifecycle. This particular bond was issued by the Federal Farm Credit Banks, a key component of the United States' financial infrastructure. As a government-sponsored enterprise (GSE), the Federal Farm Credit Banks play a crucial role in supporting the U.S. agricultural sector and rural communities by providing credit and related services to farmers, ranchers, and rural utility systems. The debt securities they issue, such as this one, are fundamental to funding these vital lending activities, thereby facilitating economic stability and development across rural America. Denominated in United States Dollars (USD) and originating from the United States, this specific obligation was structured as a zero-coupon bond, characterized by its 0% interest rate. This implies that investors typically acquired the bond at a discount, with the expectation of receiving the full principal amount at its maturity date rather than periodic interest payments. The total issuance size for this bond was $100,000,000, with a minimum purchase increment established at $1,000, making it accessible to a broad spectrum of investors. The bond reached its scheduled maturity on November 16, 2022, and, as per its terms, was fully redeemed at 100% of its face value. This successful redemption signifies the complete fulfillment of the issuer's financial obligation to its bondholders, marking the predictable conclusion of this investment's term.