Bond National Agricultural Credit Banks 1.14% ( US3133EMRD65 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133EMRD65 ( in USD )
Interest rate	1.14% per year ( payment 2 times a year)
Maturity	16/02/2029
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Minimal amount	1 000 USD
Total amount	185 000 000 USD
Cusip	3133EMRD6
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	16/02/2026 ( In 7 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 examination of a prominent debt instrument issued by the Federal Farm Credit Banks (FFCB) provides insightful details for the fixed-income market; the FFCB constitutes a nationwide system of borrower-owned financial institutions, operating as a government-sponsored enterprise (GSE) pivotal to supporting the U.S. agricultural economy and rural infrastructure by providing credit and related services to farmers, ranchers, aquatic producers, and rural utility systems, thereby underpinning its high credit quality despite its obligations not being explicitly guaranteed by the U.S. government. This specific obligation, identified by the ISIN US3133EMRD65 and CUSIP 3133EMRD6, is denominated in USD and currently trades at a market price of 100%, indicating par value. It features a fixed interest rate of 1.14% and is set to mature on February 16, 2029, with interest payments distributed semi-annually, reflecting a payment frequency of two per year. The total size of this particular bond issue amounts to $185,000,000, with a minimum purchase size accessible at $1,000. Originating from the United States, this bond demonstrates exceptional credit strength, holding a notable AA+ rating from Standard & Poor's (S&P) and the highest possible Aaa rating from Moody's, affirming its standing as a highly secure investment-grade asset.