FFCB to redeem $1 billion of consolidated systemwide bonds at par

By Marisa Wong

Madison, Wis., Aug. 6 - Federal Farm Credit Banks Funding Corp. announced it will redeem a total of $1 billion of its consolidated systemwide bonds.

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

To be redeemed are the following bonds:

• $225 million of 0.6% bonds due June 9, 2011, to be redeemed Aug. 17;

• $85 million of 2.4% bonds due Aug. 17, 2012, to be redeemed Aug. 17;

• $200 million of 0.55% bonds due May 17, 2011, to be redeemed Aug. 17;

• $100 million of 0.44% bonds due March 2, 2011, to be redeemed Aug. 17;

• $85 million of 0.5% bonds due March 30, 2011, to be redeemed Aug. 17;

• $100 million of 0.5% bonds due April 26, 2011, to be redeemed Aug. 17;

• $40 million of 4.625% bonds due May 17, 2023, to be redeemed Aug. 17;

• $100 million of 1.59% bonds due Feb. 20, 2013, to be redeemed Aug. 20; and

• $65 million of 5.5% bonds due Aug. 17, 2020, to be redeemed Aug. 17.

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

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