FFCB to redeem $1.3 billion of its consolidated systemwide bonds

By Tali David

Minneapolis, July 11 - Federal Farm Credit Banks Funding Corp. announced the redemption of $1,303,000,000 of its consolidated systemwide bonds, according to a news release.

The following bonds will be redeemed at par plus accrued interest:

• $25 million of 4.49% bonds due July 24, 2019, to be redeemed on July 24;

• $75 million of 3.05% bonds due July 23, 2024, to be redeemed on July 17;

• $50 million of 3% bonds due Nov. 1, 2024, to be redeemed on July 17;

• $130 million of 2% bonds due Aug. 15, 2019, to be redeemed on July 17;

• $200 million of 2.15% bods due Feb. 14, 2020, to be redeemed on July 17;

• $29 million of 3.9% bonds due Feb. 17, 2037, to be redeemed on July 17;

• $175 million of 1.5% bonds due Nov. 21, 2017, to be redeemed on July 17;

• $50 million of 1.4% bonds due Aug. 23, 2017, to be redeemed on July 17;

• $50 million of 2.1% bonds due Aug. 23, 2019, to be redeemed on July 17;

• $100 million of 0.86% bonds due Oct. 2, 2015, to be redeemed on July 17;

• $50 million of 2.09% bonds due July 18, 2016, to be redeemed on July 18;

• $125 million of 1.05% bonds due July 18, 2014, to be redeemed on July 18;

• $69 million of 0.63% bonds due Aug. 29, 2014, to be redeemed on July 18;

• $90 million of 2% bonds due Feb. 21, 2019, to be redeemed on July 18;

• $65 million of 2% bonds due March 1, 2019, to be redeemed on July 18; and

• $20 million of 1.75% bonds due Aug. 5, 2018, to be redeemed on July 18.

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

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