Bond National Agricultural Credit Banks 0.07% ( US3133EMS604 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ⇌ 
Country  United States
ISIN code  US3133EMS604 ( in USD )
Interest rate 0.07% per year ( payment 2 times a year)
Maturity 14/07/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 60 USD
Cusip 3133EMS60
Standard & Poor's ( S&P ) rating N/A
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 specific bond, identified by the ISIN US3133EMS604 and CUSIP 3133EMS60, recently concluded its lifecycle, having matured and been redeemed on July 14, 2022. This debt instrument was issued by the Federal Farm Credit Banks, a critical component of the U.S. Farm Credit System. As a government-sponsored enterprise (GSE), the Federal Farm Credit Banks play a vital role in providing credit and related services to farmers, ranchers, and rural communities across the United States, thereby ensuring the stability and growth of the agricultural sector. Denominated in United States Dollars (USD), the bond featured an annual interest rate of 0.07%, with payments distributed on a semi-annual basis, reflecting a payment frequency of two times per year. The total issuance volume amounted to 60 units, with a minimum purchase size set at 1000 units, indicating a structured offering for investors. Upon its maturity, the bond was trading at a market price of 100%, signifying it was valued at par. This particular security has now fully completed its term and has been redeemed by the issuer, fulfilling its obligations to bondholders. Reflecting its robust credit quality, the bond received a top-tier rating of 'Aaa' from Moody's rating agency, underscoring its status as an investment-grade security with the lowest possible credit risk.