Bond National Agricultural Credit Banks 4.375% ( US3133ENS438 ) in USD

Issuer National Agricultural Credit Banks
Market price 99.891 %  ▼ 
Country  United States
ISIN code  US3133ENS438 ( in USD )
Interest rate 4.375% per year ( payment 2 times a year)
Maturity 17/10/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 475 000 000 USD
Cusip 3133ENS43
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.

An analysis of the recently matured bond, identified by ISIN US3133ENS438 and CUSIP 3133ENS43, reveals key insights into its structure and performance, having been issued by the Federal Farm Credit Banks, a government-sponsored enterprise (GSE) based in the United States, which operates as a nationwide system of cooperatively owned banks and associations dedicated to providing credit and related services essential for farmers, ranchers, and rural utility systems, thereby playing a critical role in supporting the agricultural sector and rural communities across the U.S. financial infrastructure. This particular debt instrument, originating from the United States, featured a fixed interest rate, or coupon, of 4.375% and was part of a substantial total issuance amounting to $475,000,000, with investors able to purchase units in a minimum denomination of $1,000, all denominated and transacted in United States Dollars (USD), with interest payments distributed semi-annually, indicated by a payment frequency of 2. The bond successfully reached its maturity date on October 17, 2024, at which point it was fully repaid to its holders, having traded prior to its expiration at a market price of 99.891% of its face value, reflecting its near-term repayment and the prevailing market conditions. Its robust credit quality, indicative of the financial strength and implicit governmental backing of the Federal Farm Credit Banks, was affirmed by top-tier ratings from leading agencies, with Standard & Poor's (S&P) assigning an AA+ rating and Moody's Investors Service awarding its highest possible rating of Aaa, underscoring the bond's very low credit risk profile for investors throughout its lifecycle.