Bond National Agricultural Credit Banks 0% ( US3133EMNE84 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ⇌ 
Country  United States
ISIN code  US3133EMNE84 ( in USD )
Interest rate 0%
Maturity 22/01/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 350 000 000 USD
Cusip 3133EMNE8
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.

A recently concluded financial instrument issued by the Federal Farm Credit Banks (FFCB), identified by ISIN US3133EMNE84 and CUSIP 3133EMNE8, has successfully reached its maturity and been fully repaid. This USD-denominated bond, part of a total issuance valued at $350,000,000 with a minimum purchase size set at $1,000, was officially retired on its maturity date of January 22, 2024. As indicated by its successful full repayment at a market price of 100% and a stated interest rate of 0%, this characteristic is typical of certain fixed-income securities, such as discount notes or zero-coupon bonds, where investors realize returns from the difference between the purchase price and the full face value at maturity, rather than through periodic interest payments; while a payment frequency of two was specified, typically denoting semi-annual coupon distributions, this would be less relevant for a zero-coupon structure. The issuer, the Federal Farm Credit Banks, constitutes a vital component of the broader U.S. financial infrastructure, operating as a government-sponsored enterprise (GSE) within the Farm Credit System. The FFCB plays a crucial role in providing reliable credit and related services to farmers, ranchers, agricultural cooperatives, and rural utility providers across the United States, raising capital primarily through the issuance of debt securities in the capital markets to fund its operations which are fundamental to supporting agricultural productivity and rural economic development nationwide. The high credit quality of this bond was consistently affirmed by leading independent rating agencies; Standard & Poor's (S&P) assigned a robust AA+ rating, while Moody's conferred its prestigious Aaa rating, both underscoring the Federal Farm Credit Banks' exceptional financial strength, its strategic importance as a GSE, and its robust capacity to meet its financial obligations, thereby signifying a very low credit risk to investors. The successful and timely repayment of this bond, originating from the United States, reaffirms the issuer's reliability and the secure nature of its debt offerings.