Bond National Agricultural Credit Banks 3.1% ( US3133ENG953 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▲ 
Country  United States
ISIN code  US3133ENG953 ( in USD )
Interest rate 3.1% per year ( payment 2 times a year)
Maturity 15/08/2025 - Bond has expired



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Minimal amount 1 000 USD
Total amount 75 000 000 USD
Cusip 3133ENG95
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.

A detailed analysis of the Federal Farm Credit Banks' debt issuance reveals a key offering in the fixed-income market, identified by ISIN US3133ENG953 and CUSIP 3133ENG95, originating from the United States. The issuer, the Federal Farm Credit Banks, is a Government-Sponsored Enterprise (GSE) and part of the broader Farm Credit System, which is a nationwide network of borrower-owned lending institutions and specialized service organizations dedicated to providing credit and related services to farmers, ranchers, and rural utility systems across the U.S., thereby playing a crucial role in the nation's agricultural economy and rural development. This bond, denominated in USD, is currently trading at par, reflecting a market price of 100% of its face value, and carries a competitive annual interest rate of 3.1%, with interest payments distributed semi-annually. The total issue size for this particular bond is set at $75,000,000, catering to a range of investors with a minimum purchase size of $1,000, and its maturity date is firmly established as August 15, 2025. Reflecting its strong creditworthiness, the bond has garnered impressive ratings from leading agencies: an AA+ rating from Standard & Poor's (S&P) and the highest possible Aaa rating from Moody's, indicative of its low credit risk profile.