Bond National Agricultural Credit Banks 0% ( US3133ENNR70 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▼ 
Country  United States
ISIN code  US3133ENNR70 ( in USD )
Interest rate 0%
Maturity 14/02/2025 - Bond has expired



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Minimal amount 1 000 USD
Total amount 100 000 000 USD
Cusip 3133ENNR7
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.

**US Federal Farm Credit Banks Bond (US3133ENNR70) Matures and Redeems at Par** This financial article provides a detailed overview of a recently matured bond issued by the Federal Farm Credit Banks (FFCB), a prominent government-sponsored enterprise (GSE) in the United States. Identified by ISIN US3133ENNR70 and CUSIP 3133ENNR7, this particular obligation has successfully reached its maturity date on February 14, 2025, and has been fully redeemed. The bond, denominated in United States Dollars (USD), was a substantial issue with a total size of $100,000,000. It was structured as a zero-coupon bond, meaning it carried an interest rate of 0% and did not make periodic coupon payments; instead, it was sold at a discount and matured at its par value, as evidenced by its current market price of 100% upon redemption. The minimum purchase size for this instrument was set at $1,000, making it accessible to a range of investors. The issuer, Federal Farm Credit Banks, is a crucial component of the U.S. financial system, specifically designed to provide a stable and reliable source of credit for American agriculture and rural communities. Comprising a nationwide network of borrower-owned financial institutions, the FFCB raises funds in the capital markets, primarily through the issuance of highly-rated debt securities, which are then used to support the lending activities of Farm Credit System institutions. As a GSE, the FFCB benefits from an implicit government backing, which contributes significantly to the high credit quality of its debt. Reflecting this strong financial standing and their critical role, the bond received top-tier credit ratings from leading agencies. Standard & Poor's (S&P) assigned a rating of AA+, while Moody's provided its highest rating of Aaa. These ratings underscore the exceptionally low credit risk associated with the Federal Farm Credit Banks' obligations, signaling their robust capacity to meet financial commitments. The successful maturity and redemption of this $100,000,000 zero-coupon bond at its par value further reaffirm the issuer's reliability and the instrument's performance as a secure investment.