Bond National Agricultural Credit Banks 1.4% ( US3133EMV749 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133EMV749 ( in USD )
|
| Interest rate | 1.4% per year ( payment 2 times a year) |
| Maturity | 26/04/2029 |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 240 000 000 USD |
| Cusip | 3133EMV74 |
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
| Moody's rating | Aa1 ( High grade - Investment-grade ) |
| Next Coupon | 26/04/2026 ( In 76 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. This financial analysis focuses on a specific bond issued by the Federal Farm Credit Banks, a pivotal government-sponsored enterprise (GSE) dedicated to providing a reliable source of credit to farmers, ranchers, and agricultural cooperatives across the United States. As a fundamental component of the larger Farm Credit System, these banks play a vital role in supporting the nation's agricultural economy and rural infrastructure, issuing debt to fund their lending activities. The bond under consideration, identified by ISIN US3133EMV749 and CUSIP 3133EMV74, is currently observed trading at 90.375% of its par value on the market, denominated in U.S. Dollars (USD). It carries a fixed interest rate, or coupon, of 1.4% per annum. The total issuance size for this particular series stands at $240,000,000, with a minimum purchase amount set at $1,000, making it accessible to a range of investors. This debt instrument is scheduled to mature on April 26, 2029, with interest payments distributed semi-annually (twice per year) to bondholders. Reflecting the issuer's robust creditworthiness and its implicit backing as a GSE of the U.S. government, the bond boasts impressive credit ratings: an AA+ from Standard & Poor's and an Aa1 from Moody's, both indicative of very low credit risk and high financial stability. The current trading price below par may present an attractive yield-to-maturity for investors seeking high-quality, long-term fixed-income exposure within the U.S. market. |
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