Bond Ginnie Mae REMIC 2019-31 5.5% ( US36202SB315 ) in USD

Issuer	Ginnie Mae REMIC 2019-31
Market price	100 % ▲
Country	United States
ISIN code	US36202SB315 ( in USD )
Interest rate	5.5% per year ( payment 12 times a year)
Maturity	31/01/2032
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Next Coupon	15/12/2025 ( Today )
Detailed description	This financial instrument, identified by its ISIN US36202SB315, represents an obligation issued by the Government National Mortgage Association, commonly known as Ginnie Mae. Ginnie Mae is a wholly-owned United States government corporation operating within the Department of Housing and Urban Development, whose principal mission is to guarantee timely payment of principal and interest on mortgage-backed securities (MBS) issued by approved lenders. This guarantee is explicitly backed by the full faith and credit of the United States government, a critical factor underpinning the high credit quality of its obligations. This specific bond, denominated in United States Dollars (USD), currently trades on the market at 100% of its par value, signifying it is priced at par. It carries an annual interest rate, or coupon, of 5.5%. Investors in this security can anticipate income payments with a high frequency of 12 times per year, translating to monthly distributions, offering a consistent stream of income. The bond is set to mature on January 31, 2032, and was issued from the United States, aligning with its national financial framework.