Bond National Agricultural Credit Banks 0% ( US3133ENHY95 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133ENHY95 ( in USD )
Interest rate	0%
Maturity	20/10/2023 - Bond has expired
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Minimal amount	1 000 USD
Total amount	250 000 000 USD
Cusip	3133ENHY9
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. An analysis of the recently matured bond, identified by ISIN US3133ENHY95 and CUSIP 3133ENHY9, reveals key characteristics of this debt instrument issued by the Federal Farm Credit Banks in the United States. The Federal Farm Credit Banks, a vital U.S. government-sponsored enterprise, operate as a nationwide network of borrower-owned lending institutions providing essential credit and related services to farmers, ranchers, and agricultural cooperatives, thereby playing a crucial role in supporting the U.S. agricultural sector under federal oversight. This particular obligation, part of a $250,000,000 USD total issue size with a minimum purchase size of $1,000 USD, featured a 0% interest rate, indicative of a zero-coupon structure, and matured on October 20, 2023. Reflecting the issuer's exceptional creditworthiness, the bond was rated AA+ by Standard & Poor's and Aaa by Moody's, the highest possible rating. The bond has since successfully reached its maturity and was fully redeemed at its 100% market price, signifying the complete repayment to investors.