Bond National Agricultural Credit Banks 1.47% ( US3133EMR614 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133EMR614 ( in USD )
|
| Interest rate | 1.47% per year ( payment 2 times a year) |
| Maturity | 14/07/2031 |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 USD |
| Total amount | 30 000 000 USD |
| Cusip | 3133EMR61 |
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
| Moody's rating | Aa1 ( High grade - Investment-grade ) |
| Next Coupon | 14/07/2026 ( In 155 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. An obligation issued by the Federal Farm Credit Banks, identifiable by ISIN US3133EMR614 and CUSIP 3133EMR61, presents key characteristics for fixed-income investors. The issuer, the Federal Farm Credit Banks (FFCB), is a U.S. government-sponsored enterprise (GSE) integral to the nation's agricultural financing system, operating as a network of borrower-owned lending institutions that provides credit to farmers, ranchers, and rural businesses under the oversight of the independent federal agency, the Farm Credit Administration (FCA), contributing to the high credit quality and implicit government backing often associated with its securities. This specific bond, issued in the United States, carries a fixed coupon rate of 1.47% and is denominated in U.S. Dollars (USD), with payments scheduled semi-annually, reflecting a payment frequency of two times per year. The bond is set to mature on July 14, 2031, with the total size of this particular issuance standing at $30,000,000 and a minimum purchase amount set at $1,000. Currently, the bond trades on the market at 82.2887% of its par value, and its creditworthiness is highly regarded by major rating agencies, holding a rating of AA+ from Standard & Poor's (S&P) and Aa1 from Moody's, underscoring its strong financial standing and low perceived risk. |
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