Bond National Agricultural Credit Banks 0% ( US3133EMMZ23 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ⇌
Country	United States
ISIN code	US3133EMMZ23 ( in USD )
Interest rate	0%
Maturity	13/01/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	165 000 000 USD
Cusip	3133EMMZ2
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. The Federal Farm Credit Banks (FFCBs), a United States-based government-sponsored enterprise (GSE) vital for providing credit and financial services to farmers, ranchers, and rural communities, issued a USD 165,000,000 zero-coupon bond, identified by ISIN US3133EMMZ23 (CUSIP: 3133EMMZ2), which reached its maturity on January 13, 2023, and was subsequently redeemed at its market price of 100% in USD, having been originally available for a minimum purchase of USD 1,000 and featuring a stated payment frequency of two, characteristic of discount instruments given its zero-coupon nature; this obligation was highly rated by major credit agencies, securing an AA+ from Standard & Poor's and a prime Aaa from Moody's, reflecting its strong credit quality within the U.S. financial market.