Bond National Agricultural Credit Banks 0.15% ( US3133EMP303 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.9626 %  ▼ 
Country  United States
ISIN code  US3133EMP303 ( in USD )
Interest rate 0.15% per year ( payment 2 times a year)
Maturity 30/12/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 25 000 000 USD
Cusip 3133EMP30
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.

An analysis of a recently matured fixed-income instrument, specifically an obligation issued by the Federal Farm Credit Banks, provides insight into the characteristics of U.S. government-sponsored enterprise debt. Designated with the ISIN US3133EMP303 and CUSIP 3133EMP30, this bond has concluded its lifecycle. The Federal Farm Credit Banks, the issuer of this obligation, represent a vital component of the United States' financial infrastructure, serving as a government-sponsored enterprise (GSE) within the larger Farm Credit System. Their primary mandate involves providing credit and financial services to American agriculture and rural communities, ensuring the stability and growth of these critical sectors. As such, debt instruments originating from this entity are generally perceived by investors as carrying a high degree of creditworthiness, benefiting from the implicit support associated with their GSE status and their role in a system chartered by Congress. Issued from the United States, this particular bond exhibited an interest rate of 0.15%, reflecting the prevailing yield environment at the time of its offering. Its market dynamics prior to maturity showed an observable price of 99.9626% of par, traded in USD. The total issue size amounted to $25,000,000, with a minimum purchase increment set at $1,000, making it accessible to a range of institutional and individual investors. Interest payments were structured with a frequency of two times per year, typically on a semi-annual basis. Crucially, this specific obligation, identified as a Type: Obligation, reached its designated maturity date on December 30, 2022. Consistent with its terms, the bond has since matured and undergone full repayment to its holders, bringing its financial cycle to a close.