Bond National Agricultural Credit Banks 1.625% ( US3133ENEP16 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ⇌
Country	United States
ISIN code	US3133ENEP16 ( in USD )
Interest rate	1.625% per year ( payment 2 times a year)
Maturity	22/11/2028
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Minimal amount	1 000 USD
Total amount	70 000 000 USD
Cusip	3133ENEP1
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	22/05/2026 ( In 102 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. A noteworthy fixed-income opportunity is presented by a bond issued by the Federal Farm Credit Banks, a prominent entity within the U.S. financial landscape. The Federal Farm Credit Banks, a U.S. government-sponsored enterprise (GSE), plays a crucial role in supporting the nation's agricultural sector and rural economies by providing a reliable source of credit. Established to serve the credit needs of farmers, ranchers, and rural utility providers, this institution operates under federal oversight, which inherently contributes to its robust credit profile and perceived stability in the financial markets. This particular bond, officially categorized as an Obligation, is uniquely identified by the ISIN code US3133ENEP16 and the CUSIP code 3133ENEP1. Issued from the United States, the security is denominated in U.S. Dollars (USD) and offers a fixed annual interest rate (coupon) of 1.625%. Investors can acquire this instrument at its current market price of 100% of its face value, indicating it is trading at par. The bond is structured with a maturity date set for November 22, 2028, making it a medium-term investment. The total size of this particular issuance is substantial, amounting to $70,000,000, with a minimum purchase increment designed for accessibility at $1,000. Interest payments are disbursed with a frequency of two times per year, typical for many fixed-income securities, implying semi-annual distributions to bondholders. Further underscoring its financial soundness, the bond has garnered strong credit ratings from leading global rating agencies: Standard & Poor's (S&P) has assigned an 'AA+' rating, while Moody's has provided an 'Aa1' rating. These high ratings reflect the perceived low credit risk associated with the Federal Farm Credit Banks, positioning this bond as a potentially attractive option for investors seeking stability and strong credit quality within their fixed-income portfolios.