Bond National Agricultural Credit Banks 1.75% ( US3133EMZE56 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133EMZE56 ( in USD )
|
| Interest rate | 1.75% per year ( payment 2 times a year) |
| Maturity | 13/05/2032 |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 20 000 000 USD |
| Cusip | 3133EMZE5 |
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
| Moody's rating | Aaa ( Prime - Investment-grade ) |
| Next Coupon | 13/05/2026 ( In 93 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 article provides a comprehensive overview of a specific debt instrument, identified by ISIN US3133EMZE56 and CUSIP 3133EMZE5, issued by the Federal Farm Credit Banks. The Federal Farm Credit Banks (FFCB) operate as a critical government-sponsored enterprise (GSE) within the United States, forming an integral part of the broader Farm Credit System. Their primary mandate is to provide credit and related services to support the nation's farmers, ranchers, and rural utility providers, a role that underpins the robust security of their debt instruments due to implicit governmental backing and their essential function in the agricultural sector. This particular bond, denominated in USD and issued from the United States, currently trades at par, reflecting a market price of 100% of its face value. It carries a fixed annual interest rate of 1.75%, with interest payments disbursed semi-annually, aligning with a payment frequency of two times per year. The bond is set to mature on May 13, 2032, offering investors a defined repayment schedule over an intermediate term. The total size of this bond issuance stands at $20,000,000, indicating a significant yet contained offering. Investors interested in participating can acquire the bond with a minimum purchase amount of $1,000, making it accessible to a range of potential buyers. The security of this instrument is further underscored by its robust credit ratings from leading agencies: Standard & Poor's has assigned an AA+ rating, while Moody's has provided its highest possible rating of Aaa, both reflecting exceptional creditworthiness and a very low expectation of default risk, consistent with debt obligations of a high-quality government-sponsored enterprise. |
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