Bond National Agricultural Credit Banks 0% ( US3133ENQ606 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ▲ 
Country  United States
ISIN code  US3133ENQ606 ( in USD )
Interest rate 0%
Maturity 04/10/2023 - Bond has expired



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Minimal amount 1 000 USD
Total amount 300 000 000 USD
Cusip 3133ENQ60
Standard & Poor's ( S&P ) rating N/A
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.

An analysis of the bond market reveals details concerning the now-matured US3133ENQ606 bond (CUSIP: 3133ENQ60), a zero-coupon debt instrument issued in USD by the Federal Farm Credit Banks, a U.S. government-sponsored enterprise providing credit to the agricultural and rural sectors, which was originated in the United States with a total issue size of $300,000,000 and a minimum purchase size of $1,000, and despite a listed payment frequency of two, yielded 0% interest, having reached its October 4, 2023 maturity at a market price of 100% and been fully repaid, all while maintaining a prestigious Aaa rating from Moody's.