FFCB and Incapital launch Farm Credit retail bond program

By Melissa Kory

Cleveland, May 19 - Federal Farm Credit Banks Funding Corp. and Incapital LLC announced the launch of Farm Credit Retail Bonds, a program that will offer these bonds to individual investors.

Farm Credit Retail Bonds are a type of consolidated systemwide bonds issued by the banks of Farm Credit System. The bonds will be issued in denominations of $1,000 for fixed-rate bonds and $100,000 for floating-rate bonds with maturities ranging from one to 30 years.

Incapital will serve as the purchasing agent and lead dealer for the bonds, which will initially be distributed through 27 additional dealers.

Chicago-based Incapital is a securities and investment banking firm.

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