FFCB to redeem $448 million of consolidated systemwide bonds

By Tali David

Minneapolis, Dec. 12 - Federal Farm Credit Banks Funding Corp. announced the redemption of $448 million of consolidated systemwide bonds, according to a news release.

FFCB has called the following bonds to be redeemed at par:

• $155 million of its 1.35% notes due Dec. 16, 2013, to be redeemed on Dec. 16;

• $218 million of its 2.375% notes due June 1, 2018, to be redeemed on Dec. 19; and

• $75 million of its 5.625% notes due Dec. 21, 2021, to be redeemed on Dec. 21.

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

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