Bond National Agricultural Credit Banks 1.8% ( US3133ENPX21 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.3553 %  ⇌ 
Country  United States
ISIN code  US3133ENPX21 ( in USD )
Interest rate 1.8% per year ( payment 2 times a year)
Maturity 22/08/2025 - Bond has expired



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Minimal amount 1 000 USD
Total amount 50 000 000 USD
Cusip 3133ENPX2
Standard & Poor's ( S&P ) rating AA+ ( High grade - Investment-grade )
Moody's rating Aa1 ( High grade - 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.

An attractive opportunity in the fixed-income market is presented by a notable bond issued by the Federal Farm Credit Banks. The Federal Farm Credit Banks (FFCBs) represent a government-sponsored enterprise (GSE) that serves as a nationwide network of borrower-owned financial institutions in the United States. Their primary mission is to provide credit and related services to farmers, ranchers, aquatic producers, agricultural cooperatives, and rural utility systems across the nation, thereby ensuring a stable and reliable source of funding for the agricultural sector and contributing significantly to food security and rural economic development. The FFCBs' operations are overseen by the Farm Credit Administration (FCA), an independent regulatory agency of the U.S. government, underscoring their systemic importance and robust regulatory framework. This particular debt instrument, identified by ISIN US3133ENPX21 and CUSIP 3133ENPX2, is a dollar-denominated obligation with a coupon rate of 1.8%. The bond is set to mature on August 22, 2025, offering a relatively short-term investment horizon. With a total issue size of $50,000,000, it represents a substantial offering in the market, yet remains accessible to a broad range of investors with a minimum purchase size set at $1,000. Interest payments are distributed semi-annually, reflecting a payment frequency of two times per year, which provides regular income streams for bondholders. Currently trading at 99.3553% of its par value, this bond offers a slight discount, potentially appealing to investors seeking minor capital appreciation upon maturity. Its credit quality is highly regarded by leading rating agencies. Standard & Poor's has assigned an AA+ rating, while Moody's has provided an Aa1 rating. These high investment-grade designations reflect the issuer's strong financial standing, robust backing, and the inherent stability derived from its government-sponsored status and critical role in the U.S. economy, indicating a low perceived risk of default. This combination of a strong government-sponsored issuer, favorable credit ratings, and defined maturity makes this bond an attractive consideration for fixed-income portfolios prioritizing safety and consistent returns.