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Published on 8/31/2011 in the Prospect News Agency DailyProspect News Liability Management Daily.

FFCB calls $1.65 billion consolidated systemwide bonds at par

By Toni Weeks

San Diego, Aug. 31 - Federal Farm Credit Banks Funding Corp. announced it will redeem $1.651 billion of its consolidated systemwide bonds.

The affected securities include:

• $188 million of 2.875% bonds due March 7, 2019, to be redeemed Sept. 12;

• $100 million of 3.3% bonds due Jan. 6, 2021, to be redeemed Sept. 9;

• $25 million of 3.24% bonds due Oct. 5, 2020, to be redeemed Sept. 9;

• $117 million of 2.15% bonds due May 3, 2017, to be redeemed Sept. 7;

• $325 million of 0.4% bonds due Aug. 16, 2012, to be redeemed Sept. 7;

• $413 million of 0.64% bonds due May 1, 2013, to be redeemed Sept. 8; and

• $483 million of 0.75% bonds due Sept. 9, 2013, to be redeemed Sept. 9.

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

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


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