FFCB to redeem $124 million of its consolidated systemwide bonds

By Tali David

Minneapolis, Jan. 6 - Federal Farm Credit Banks Funding Corp. announced the redemption of $124 million of its consolidated systemwide bonds, according to a news release.

The company called the following bonds at par:

• $69 million of its 2.65% bonds due March 23, 2020, to be redeemed on Jan. 13;

• $20 million of its 2.73% bonds due June 29, 2020, to be redeemed on Jan. 13; and

• $35 million of its 5.75% bonds due Jan. 18, 2022, to be redeemed on Jan. 18.

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

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