Bond National Agricultural Credit Banks 2.87% ( US3133ENPL82 ) in USD

Issuer	National Agricultural Credit Banks
Market price	100 % ▲
Country	United States
ISIN code	US3133ENPL82 ( in USD )
Interest rate	2.87% per year ( payment 2 times a year)
Maturity	25/02/2030
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Minimal amount	1 000 USD
Total amount	110 000 000 USD
Cusip	3133ENPL8
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aaa ( Prime - Investment-grade )
Next Coupon	25/02/2026 ( In 16 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 opportunity is presented by a bond issued by the Federal Farm Credit Banks, an entity playing a crucial role in the U.S. agricultural economy. The Federal Farm Credit Banks are part of the Farm Credit System, a government-sponsored enterprise (GSE) designed to provide a reliable source of credit to farmers, ranchers, agricultural cooperatives, and rural utility providers across the United States. This specific bond, currently trading at 100% of its par value in USD, offers an annual interest rate of 2.87%. The total issue size for this bond is $110,000,000, with a minimum purchase requirement set at $1,000, making it accessible to a range of investors. This particular offering is set to mature on February 25, 2030, and features semi-annual interest payments, providing regular income to bondholders. Reflecting the strong creditworthiness associated with these institutions, the bond has garnered impressive ratings from leading agencies: an AA+ from Standard & Poor's (S&P) and an Aaa from Moody's, both indicating a very low credit risk. Investors interested in this instrument can identify it via ISIN US3133ENPL82 and CUSIP 3133ENPL8.