Fixed Rate Bonds
Farm Credit Fixed Rate Bonds are high credit quality debt instruments, issued regularly and may be callable or non-callable. Fixed Rate Bonds offer a high degree of flexibility, as they are issued in various amounts, maturities and structures, to meet the varied needs of the Banks of the Farm Credit System and investors.
Funds raised through Fixed Rate Bond issuance are used by the Banks of the Farm Credit System to support rural communities and U.S. agriculture.
Fixed Rate Bonds Details
| Offered | As needed / reverse inquiry / Farm Credit System interest conveyed daily | Denomination | $1,000 minimum $1,000 increments |
|---|---|---|---|
| Program Rating | F1+ Fitch P-1 Moody's A-1+ S&P |
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 |