Bond National Agricultural Credit Banks 0% ( US3133ENYZ77 ) in USD

Issuer National Agricultural Credit Banks
Market price 100 %  ⇌ 
Country  United States
ISIN code  US3133ENYZ77 ( in USD )
Interest rate 0%
Maturity 21/03/2024 - Bond has expired



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Minimal amount 1 000 USD
Total amount 100 000 000 USD
Cusip 3133ENYZ7
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 a recently matured fixed-income instrument reveals details concerning a zero-coupon bond issued by the Federal Farm Credit Banks. Identified by its ISIN US3133ENYZ77 and CUSIP 3133ENYZ7, this obligation stemmed from the United States, where the Federal Farm Credit Banks operate as a vital government-sponsored enterprise (GSE) within the larger Farm Credit System. This system is congressionally chartered to ensure a stable and reliable source of credit for American agriculture and rural communities, thereby underpinning the economic health of the nation's agricultural sector. Their implicit governmental backing contributes significantly to their exceptional credit profile. This particular bond, denominated in USD, was structured as a zero-coupon instrument, meaning it bore a stated interest rate of 0% and consequently did not involve periodic interest payments, with its value appreciating to face value at maturity. The total issuance size for this bond was set at $100,000,000, with a minimum investor purchase amount of $1,000. Despite a listed payment frequency of two, this primarily relates to general bond characteristics and does not imply coupon payments for a zero-coupon structure, where the primary 'payment' is the principal return at maturity. The bond reached its maturity date on March 21, 2024, at which point it was successfully repaid to bondholders at its par value of 100%, reflecting the conclusion of its term. Its high credit quality was consistently recognized by major rating agencies, with a robust 'AA+' rating from Standard & Poor's and the coveted 'Aaa' rating from Moody's, affirming the issuer's strong financial standing and the low default risk associated with its obligations.