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ItalianoBond National Agricultural Credit Banks 0.26% ( US3133EMRC82 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 100 % ⇌ |
| Country |  United States
|
| ISIN code |
 US3133EMRC82 ( in USD )
|
| Interest rate | 0.26% per year ( payment 2 times a year) |
| Maturity | 15/08/2024 - Bond has expired |
|
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 | 50 000 000 USD |
| Cusip | 3133EMRC8 |
| 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. This financial instrument, identified by ISIN US3133EMRC82 and CUSIP 3133EMRC8, constituted a bond issued by the Federal Farm Credit Banks, a government-sponsored enterprise (GSE) established in the United States to serve as a nationwide network of borrower-owned lending institutions providing essential credit and related services to the agricultural sector, including farmers, ranchers, and rural utilities, with its debt securities, like this specific issuance, serving to fund its vital lending operations; this particular bond, denominated in USD and originating from the United States, matured on August 15, 2024, having been fully redeemed at its market price of 100%, previously bearing an interest rate of 0.26% with a semi-annual payment frequency, and representing a portion of a total issue size of $50,000,000, available for acquisition in minimum increments of $1,000, its high credit quality further evidenced by a prestigious AA+ rating from Standard & Poor's (S&P) and an Aaa rating from Moody's. |