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 |
|
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 | 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. |
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