Bond National Agricultural Credit Banks 6.44% ( US3133ENX214 ) in USD
| Issuer | National Agricultural Credit Banks |
| Market price | |
| Country | United States
|
| ISIN code |
US3133ENX214 ( in USD )
|
| Interest rate | 6.44% per year ( payment 2 times a year) |
| Maturity | 01/11/2032 |
|
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 | 50 000 000 USD |
| Cusip | 3133ENX21 |
| Next Coupon | 01/05/2026 ( In 81 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 fixed-income instrument, specifically identified as a bond with ISIN US3133ENX214 and CUSIP 3133ENX21, has been issued by the Federal Farm Credit Banks (FFCB), a prominent Government-Sponsored Enterprise (GSE) in the United States. The Federal Farm Credit Banks comprise a nationwide network of borrower-owned lending institutions and specialized service organizations that collectively form the Farm Credit System, established by Congress in 1916 to ensure a reliable and consistent source of credit for American agriculture and rural communities. While FFCB debt instruments are generally considered to be of high credit quality due to their GSE status and critical role in the U.S. financial system, it is important to note that they do not carry the explicit full faith and credit guarantee of the U.S. government. This particular bond, issued in the United States and denominated in United States Dollars (USD), features a coupon interest rate of 6.44%, with interest payments disbursed twice annually, indicating a semi-annual payment frequency. The total size of this specific issuance amounts to USD 50,000,000, and it is accessible to investors with a minimum purchase size of USD 1,000. The bond is slated to reach maturity on November 1, 2032. Currently trading on the market at 100.05% of its par value, this slight premium suggests a market valuation marginally above its face value, potentially reflecting investor demand or specific yield expectations relative to its fixed coupon. As a debt security from a systemically important issuer, this offering provides a structured investment opportunity within the U.S. fixed-income market, appealing to those seeking exposure to the agricultural credit sector with defined characteristics and a clear maturity profile. |
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