FFCB to redeem $1.24 billion in systemwide bonds at par on Sept. 17

By Devika Patel

Knoxville, Tenn., Sept. 8 - Federal Farm Credit Banks Funding Corp. said it will redeem $1.24 billion of its Federal Farm Credit Banks consolidated systemwide bonds at par plus interest to Sept. 17, the redemption date.

Affected bonds include all $195 million of the company's 3.1% bonds due 2010, all $175 million of its 3.99% bonds due 2012, all $254 million of its 2.625% bonds due 2013, all $50 million of its 2.15% bonds due 2012, all $53 million of its 2.05% bonds due 2012, all $366 million of its 2.08% bonds due 2012 and all $150 million of the company's 1.73% bonds due 2013.

Holders may contact the finance department at 201 200-8030.

The financier is based in Jersey City, N.J.

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