FFCB to redeem $613 million of its consolidated systemwide bonds

By Tali David

Minneapolis, Oct. 9 - Federal Farm Credit Banks Funding Corp. announced the redemption of $613 million of its consolidated systemwide bonds in full, according to a news release.

The following bonds will be redeemed at par:

• $45 million of 5.8% bonds due Oct. 18, 2022, to be redeemed on Oct. 18;

• $20 million of 0.52% bonds due Oct. 20, 2014, to be redeemed on Oct. 16;

• $165 million of 0.8% bonds due May 9, 2016, to be redeemed on Oct. 16; and

• $383 million of 0.7% bonds due Dec. 14, 2015, to be redeemed on Oct. 16.

FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.

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