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Published on 6/8/2010 in the Prospect News Agency DailyProspect News Liability Management Daily.

FFCB to redeem $1.51 billion of consolidated systemwide bonds

By Marisa Wong

Milwaukee, June 8 - Federal Farm Credit Banks Funding Corp. announced it will redeem $1.51 billion of its consolidated systemwide bonds on June 17.

FFCB said in a news release that the bonds will be called in whole at par.

Affected are the following bonds:

• $385 million of 4.25% bonds due Jan. 22, 2019;

• $207 million of 4.2% bonds due April 1, 2019;

• $95 million of 4.25% bonds due April 2, 2019;

• $159 million of 4.95% bonds due June 17, 2019;

• $250 million of 1.2% bonds due June 17, 2011;

• $275 million of 3.75% bonds due June 17, 2014;

• $60 million of 5% bonds due June 17, 2019;

• $50 million of 5.5% bonds due June 17, 2024; and

• $27 million of 4.15% bonds due Feb. 25, 2019.

Questions may be directed to the Finance Department at 201 200-8030.


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