Bond National Agricultural Credit Banks 0.17% ( US3133EMX646 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▲ 
Country  United States
ISIN code  US3133EMX646 ( in USD )
Interest rate 0.17% per year ( payment 2 times a year)
Maturity 28/04/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 200 000 000 USD
Cusip 3133EMX64
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 report details a recently matured and redeemed bond, identified by ISIN US3133EMX646 and CUSIP 3133EMX64. The issuer of this financial instrument is the Federal Farm Credit Banks, a nationwide network of borrower-owned financial institutions and service organizations. Operating as a government-sponsored enterprise (GSE) in the United States, the Federal Farm Credit Banks primarily serve the financial needs of agricultural and rural America, providing credit and related services to farmers, ranchers, cooperatives, and rural utility systems, thereby playing a vital role in the stability and growth of the agricultural sector. Issued from the United States, this particular bond was denominated in USD and observed a market price of 100% at its redemption. It featured a fixed interest rate of 0.17% and represented a total issuance size of $200,000,000. The minimum investment size for this offering was set at $1,000, with interest payments distributed semi-annually. The bond reached its scheduled maturity date on April 28, 2023, and has since been fully redeemed, returning principal to its bondholders. Reflecting the issuer's strong financial standing and integral role, the bond received robust credit ratings from leading agencies: Standard & Poor's assigned a rating of AA+, while Moody's provided an even higher Aaa rating, signifying exceptional credit quality and minimal credit risk.