Bond National Agricultural Credit Banks 0% ( US3133ENDJ64 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▲ 
Country  United States
ISIN code  US3133ENDJ64 ( in USD )
Interest rate 0%
Maturity 08/11/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 282 000 000 USD
Cusip 3133ENDJ6
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 financial analysis focuses on the recently matured Federal Farm Credit Banks (FFCB) bond, identified by ISIN US3133ENDJ64 and CUSIP 3133ENDJ6, an obligation issued by a critical component of the U.S. Farm Credit System. The Federal Farm Credit Banks are a government-sponsored enterprise (GSE) established to provide credit and related services to the agricultural sector and rural America, playing a vital role in supporting the nation's food and fiber production. Their obligations are highly regarded in the debt markets due to their implicit government backing and the robust financial health of the system they represent. Issued out of the United States, this specific bond, with a total issuance size of $282,000,000 and a minimum purchase increment of $1,000, reached its maturity date on November 8, 2024. Despite featuring a stated interest rate of 0% and a semi-annual payment frequency (typical for discount bonds or those where yield is derived from the purchase price relative to par), the bond successfully concluded its lifecycle. At its maturity, the bond was trading at 100% of its face value, reflecting its full repayment and redemption. Its exceptional credit quality was underscored by ratings from leading agencies: Standard & Poor's assigned an AA+ rating, while Moody's provided its highest rating, Aaa, both indicative of very low credit risk and the strong financial standing and systemic importance of the Federal Farm Credit Banks.