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ItalianoBond National Agricultural Credit Banks 3.96% ( US3133ENP616 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | 100 % ⇌ |
| Country |  United States
|
| ISIN code |
 US3133ENP616 ( in USD )
|
| Interest rate | 3.96% per year ( payment 2 times a year) |
| Maturity | 02/09/2025 - Bond has expired |
|
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 | 50 000 000 USD |
| Cusip | 3133ENP61 |
| 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. This financial analysis focuses on a specific bond, identified by ISIN US3133ENP616 and CUSIP 3133ENP61, issued by the Federal Farm Credit Banks (FFCB), a U.S. government-sponsored enterprise (GSE) forming part of the Farm Credit System, which plays a crucial role in providing a reliable source of credit and related services to American farmers, ranchers, and rural utility systems, with its debt often perceived as implicitly supported by the U.S. government due to its unique status. This particular USD-denominated obligation, issued in the United States and currently trading at 100% of its par value, offers an annual interest rate of 3.96% with semi-annual payments, maturing on September 2, 2025. The total issue size stands at $50,000,000, with a minimum purchase increment set at $1,000, and it carries exceptional credit ratings of AA+ from Standard & Poor's and Aaa from Moody's, reflecting the issuer's robust financial standing and its implicit government backing. |