Bond National Agricultural Credit Banks 0% ( US3133ENX545 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ⇌ 
Country  United States
ISIN code  US3133ENX545 ( in USD )
Interest rate 0%
Maturity 01/11/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 1 425 000 000 USD
Cusip 3133ENX54
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.

A recent financial market observation centers on a specific debt instrument, identified by ISIN US3133ENX545 and CUSIP 3133ENX54, which recently reached its maturity. This bond was issued by the Federal Farm Credit Banks (FFCB), a critical Government-Sponsored Enterprise (GSE) within the United States, forming a cornerstone of the nation's agricultural financing system. The FFCB is integral to the broader Farm Credit System, dedicated to providing reliable, affordable credit to farmers, ranchers, and rural utility providers across the United States, thereby underpinning the stability of the rural economy and agricultural sector. The bond, denominated in USD, was part of a substantial issuance totaling 1,425,000,000 USD, with a minimum investment threshold set at 1,000 USD. Notably, this specific instrument featured a 0% interest rate, categorizing it as a zero-coupon bond, which means no periodic interest payments were made throughout its lifespan. It reached its maturity on November 1, 2024, at which point it was successfully redeemed at 100% of its face value, reflecting the full repayment of principal to bondholders. The bond's robust credit quality was consistently affirmed by leading rating agencies, with Standard & Poor's assigning an AA+ rating and Moody's a top-tier Aaa rating, underscoring the exceptionally low credit risk associated with the Federal Farm Credit Banks and their obligations.