Fixed Rate Bonds
Farm Credit Fixed Rate Bonds are regularly issued, high-credit quality debt instruments that may be callable or non-callable. Fixed Rate Bonds offer a high degree of flexibility because they are issued in various amounts, maturities and structures to meet the varied needs of the Banks of the Farm Credit System and investors.
Fixed Rate Bonds Details
| Offered | As needed / reverse inquiry / Farm Credit System interest conveyed daily | Denomination | $1,000 minimum $1,000 increments |
|---|---|---|---|
| Program Rating | Fitch: AA+/F1+ Moody's: Aaa/P-1 Standard & Poor's: AA+/A-1+ |
Settlement | 5-7 business days |
| Risk Weighting | 20% BIS | Typical Index | N/A |
| Program Maturity Range | 1-30 years | Day Count | 30/360 |
| Typical Maturity | 1-5 years | Payment Frequence | Semi-annually |
| Call Feature | Notice of redemption of called bonds will be provided by the Funding Corporation on behalf of the Banks of the Farm Credit System no fewer than five business days prior to a Redemption Date. | Method of Issuance | Auctioned/Negotiated |