Bond National Agricultural Credit Banks 2.25% ( US3133ENNQ97 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ⇌
Country	United States
ISIN code	US3133ENNQ97 ( in USD )
Interest rate	2.25% per year ( payment 2 times a year)
Maturity	14/02/2029
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Minimal amount	1 000 USD
Total amount	25 000 000 USD
Cusip	3133ENNQ9
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	14/02/2026 ( In 5 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. This detailed analysis focuses on a specific fixed-income instrument, an obligation identified by its ISIN code US3133ENNQ97 and CUSIP 3133ENNQ9. The issuer of this bond is the Federal Farm Credit Banks, a government-sponsored enterprise (GSE) operating within the United States. As a vital component of the U.S. financial system, the Federal Farm Credit Banks system plays a crucial role in providing credit and related services to farmers, ranchers, agricultural cooperatives, and rural utilities, thereby supporting the nation's agricultural sector and rural communities; its robust financial standing and implicit governmental support typically translate into highly favorable credit ratings. Currently trading at 100% of its par value in the market, this bond is denominated in U.S. Dollars (USD) and offers a fixed annual interest rate, or coupon, of 2.25%. The total issuance size for this particular offering is substantial, amounting to $25,000,000, with a minimum purchase increment set at $1,000, making it accessible to a range of institutional and individual investors. The bond has a defined maturity date of February 14, 2029, and interest payments are scheduled semi-annually, reflecting a payment frequency of two times per year. Reflecting the issuer's strong creditworthiness, the obligation has received exceptionally high ratings from leading credit rating agencies: Standard & Poor's (S&P) has assigned an AA+ rating, while Moody's has awarded its coveted Aaa rating, the highest possible designation, underscoring its very low credit risk.