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Published on 8/13/2009 in the Prospect News Agency Daily.

FFCB calls $595 million consolidated systemwide bonds for redemption

By Angela McDaniels

Tacoma, Wash., Aug. 13 - Federal Farm Credit Banks Funding Corp. will redeem $595 million of Federal Farm Credit Banks consolidated systemwide bonds, according to an FFCB news release.

The agency's $420 million of 0.65% bonds due May 18, 2010 and $50 million of 6.35% bonds due Aug. 24, 2022 will be redeemed on Aug. 24, and its $125 million of 0.60% bonds due May 25, 2010 will be redeemed on Aug. 26.

The purchase price for each series of bonds is par.


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