Bond National Agricultural Credit Banks 2.59% ( US3133ENCT55 ) in USD

Issuer	National Agricultural Credit Banks
Market price	75.015 % ⇌
Country	United States
ISIN code	US3133ENCT55 ( in USD )
Interest rate	2.59% per year ( payment 2 times a year)
Maturity	01/11/2041
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	33 000 000 USD
Cusip	3133ENCT5
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	01/05/2026 ( In 81 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 offering in the fixed-income market is highlighted by the Federal Farm Credit Banks bond, identified by ISIN US3133ENCT55 and CUSIP 3133ENCT5. The issuer, Federal Farm Credit Banks, is a pivotal entity within the U.S. financial landscape, functioning as a government-sponsored enterprise (GSE) under the umbrella of the broader Farm Credit System; its core mission involves providing credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities nationwide, thereby bolstering the agricultural and rural economies. Due to its GSE status, the debt instruments issued by Federal Farm Credit Banks are widely considered high-quality, underpinned by strong implicit backing and a robust operational structure. This particular bond, denominated in USD, currently trades at a market price of 72.17% of its par value and carries a coupon interest rate of 2.59%. The total issue size for this offering stands at $33,000,000, with a minimum purchase requirement of $1,000. Investors can expect semi-annual interest payments, consistent with its payment frequency of two times per year. The bond features a long-term maturity profile, set to expire on November 1, 2041, and was issued within the United States. Its creditworthiness is further underscored by strong ratings from leading agencies: Standard & Poor's has assigned an AA+ rating, while Moody's has provided an Aa1 rating, both reflecting a very strong capacity to meet financial obligations and indicating a high degree of credit quality and low credit risk, aligning with the issuer's established GSE standing.