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Floating Rate Bonds

Farm Credit Floating Rate Bonds are high-credit quality, variable-rate bonds issued as needed. Farm Credit Floating Rate Bonds may be linked to SOFR, T-Bills, Prime and Fed Funds. Farm Credit is the largest agency issuer of floating rate bonds linked to Fed Funds and the Prime Rate.

Floating Rate Bonds can help manage investment risk typically associated with short-term money market instruments.

Floating Rate Bonds Details

Offered Farm Credit System interest conveyed daily / reverse inquiry 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 SOFR, T-Bills, Prime and Fed Funds
Program Maturity Range 1-30 years Day Count Actual/360, Actual/Actual (index dependent)
Typical Maturity 1-3 years Payment Frequence Monthly, Quarterly, Semi-annually
Call Feature Where applicable, 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 Window / Posted
Debt Securities