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FFCB to redeem $622 million of its consolidated systemwide bonds
By Tali David
Minneapolis, May 30 - Federal Farm Credit Banks Funding Corp. announced the redemption of $622 million of its consolidated systemwide bonds, according to a news release.
The following bonds will be redeemed at par plus accrued interest on June 6:
• $104 million of 1.18% bonds due June 6, 2014;
• $153 million of 0.67% bonds due June 6, 2013;
• $150 million of 1.18% bonds due June 6, 2014; and
• $100 million of 2.625% bonds due April 26, 2021.
The following bonds will be redeemed at par plus accrued interest on June 8:
• $100 million of 2.59% bonds due June 8, 2015; and
• $15 million of 6.04% bonds due June 8, 2017.
FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.
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