FFCB redeems $947 million of consolidated systemwide bonds

By Tali David

Minneapolis, Nov. 8 - Federal Farm Credit Banks Funding Corp. announced the redemption of $947 million of consolidated systemwide bonds, according to a company release.

The following bonds will be called at par:

• $200 million of its 3% notes due June 8, 2010 to be called on Nov. 17;

• $147 million of its 2.7% notes due Aug. 15, 2018 to be called on Nov. 15;

• $60 million of its 5.67% notes due Nov. 17, 2012 to be called on Nov. 17;

• $57 million of its 4.3% notes due Nov. 18, 2019 to be called on Nov. 18;

• $65 million of its 3.125% notes due Nov. 16, 2020 to be called on Nov. 16;

• $106 million of its 2.35% notes due Nov. 15, 2017 to be called on Nov. 18;

• $100 million of its 1.62% notes due Nov. 16, 2015 to be called on Nov. 16;

• $147 million of its 2.3% notes due Oct. 20, 2017 to be called on Nov. 18;

• $35 million of its 3% notes due Aug. 15, 2019 to be called on Nov. 16; and

• $30 million of its 3.125% notes due Feb. 18, 2020 to be called on Nov. 18.

FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.

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