Bond National Agricultural Credit Banks 2.82% ( US3133ENLH17 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133ENLH17 ( in USD )
|
| Interest rate | 2.82% per year ( payment 2 times a year) |
| Maturity | 24/01/2042 |
|
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 | 75 000 000 USD |
| Cusip | 3133ENLH1 |
| Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
| Moody's rating | Aa1 ( High grade - Investment-grade ) |
| Next Coupon | 24/07/2026 ( In 165 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 notable fixed-income instrument, identified by ISIN US3133ENLH17 and CUSIP 3133ENLH1, has been observed in the market, originating from the Federal Farm Credit Banks. The Federal Farm Credit Banks constitute a nationwide network of borrower-owned lending institutions and specialized service organizations dedicated to providing credit and related services to farmers, ranchers, cooperatives, and rural utilities across the United States. As government-sponsored enterprises (GSEs) and instrumentalities of the U.S. government, their essential role in supporting American agriculture and rural communities inherently contributes to a high degree of credit quality. This specific bond, denominated in U.S. Dollars (USD), features a coupon interest rate of 2.82% and is currently trading at 100% of its face value. With a maturity date set for January 24, 2042, it offers investors a long-term exposure to the agricultural finance sector. The total issuance size for this bond series is $75,000,000, with a minimum purchase amount established at $1,000. Interest payments are structured on a semi-annual basis, consistent with a frequency of two payments per year. Further reinforcing its investment appeal, the bond carries robust credit ratings from leading agencies: an AA+ rating from Standard & Poor's (S&P) and an Aa1 rating from Moody's, both indicative of a very high capacity to meet financial commitments. |
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