Bond National Agricultural Credit Banks 3.96% ( US3133ENZY93 ) in USD

Issuer	National Agricultural Credit Banks
Market price	99.201 % ▼
Country	United States
ISIN code	US3133ENZY93 ( in USD )
Interest rate	3.96% per year ( payment 2 times a year)
Maturity	12/07/2027
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Minimal amount	1 000 USD
Total amount	60 000 000 USD
Cusip	3133ENZY9
Standard & Poor's ( S&P ) rating	AA+ ( High grade - Investment-grade )
Moody's rating	Aa1 ( High grade - Investment-grade )
Next Coupon	12/07/2026 ( In 153 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 notable fixed-income instrument, identified by ISIN US3133ENZY93 and CUSIP 3133ENZY9, has been issued by the Federal Farm Credit Banks (FFCB), a key entity within the U.S. Farm Credit System and a government-sponsored enterprise (GSE) dedicated to providing credit for agriculture and rural communities, whose obligations are widely regarded for their high credit quality due to implicit government backing, although not direct U.S. Treasury obligations; this particular USD-denominated bond, originating from the United States, carries a fixed interest rate of 3.96% and is scheduled to mature on December 7, 2027, with interest payments distributed semi-annually; the total issue size for this offering stands at $60,000,000, with a minimum purchase requirement of $1,000, catering to a broad investor base; currently trading at a market price of 99.448% of par, it presents a slight discount from face value, and reflecting its robust credit profile, the security boasts impressive credit ratings of AA+ from Standard & Poor's and Aa1 from Moody's, underscoring its low credit risk and reliability for investors seeking high-grade debt.