Bond National Agricultural Credit Banks 1.17% ( US3133EMKX92 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133EMKX92 ( in USD )
Interest rate	1.17% per year ( payment 2 times a year)
Maturity	23/12/2030
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Minimal amount	1 000 USD
Total amount	60 000 000 USD
Cusip	3133EMKX9
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	23/06/2026 ( In 134 days )
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 focuses on a specific bond issuance by the Federal Farm Credit Banks (FFCBs), identified by ISIN US3133EMKX92 and CUSIP 3133EMKX9. As a critical component of the Farm Credit System, the FFCBs are a U.S. government-sponsored enterprise dedicated to providing credit and financial services to the agricultural and rural sectors of the American economy, including farmers, ranchers, and rural utility providers. Their mission-critical role and implicit government backing underpin the strong credit quality of their debt instruments. This particular bond, denominated in USD, currently trades at par, reflecting a market price of 100%. It carries an annual interest rate, or coupon, of 1.17%, with interest payments disbursed semi-annually. The total size of this issuance amounts to $60,000,000, with a minimum purchase increment set at $1,000, making it accessible to a range of investors. The bond is slated to mature on December 23, 2030, offering a medium-term investment horizon. Reflecting the issuer's robust financial standing and systemic importance, the bond holds a superior credit rating of AA+ from Standard & Poor's and the highest possible rating of Aaa from Moody's, signifying a very low credit risk profile. Issued within the United States, this obligation represents a stable fixed-income opportunity backed by a highly-rated, quasi-governmental entity supporting vital national industries.