FFCB to redeem $768 million of its consolidated systemwide bonds

By Tali David

Minneapolis, Jan. 9 - Federal Farm Credit Banks Funding Corp. announced the full redemption of $768 million of its consolidated systemwide bonds, according to two news releases.

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

• $250 million of 0.28% bonds due June 20, 2013, to be redeemed on Jan. 15;

• $25 million of 1.875% bonds due Jan. 17, 2019, to be redeemed on Jan. 17;

• $5 million of 2.94% bonds due Jan. 17, 2023, to be redeemed on Jan. 17;

• $10 million of 5.125% bonds due Jan. 18, 2023, to be redeemed on Jan. 18;

• $25 million of 4.7% bonds due Jan. 17, 2018, to be redeemed on Jan. 17;

• $256 million of 0.22% bonds due April 26, 2013, to be redeemed on Jan. 15;

• $35 million of 0.29% bonds due Oct. 18, 2013, to be redeemed on Jan. 15;

• $50 million of 0.28% bonds due Oct. 23, 2013, to be redeemed on Jan. 15;

• $27 million of 3.74% bonds due Oct. 17, 2030, to be redeemed on Jan. 17; and

• $85 million of 0.27% bonds due Aug. 9, 2013, to be redeemed on Jan. 16.

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

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