FFCB to redeem $356 million of its consolidated systemwide bonds

By Tali David

Minneapolis, Jan. 27 - Federal Farm Credit Banks Funding Corp. will redeem $356 million of its consolidated systemwide bonds at par, according to a news release.

FFCB will redeem

• $16 million of 3.48% bonds due Oct. 3, 2035 on Feb. 3;

• $50 million of 3.35% bonds due Oct. 3, 2024 on Feb. 3;

• $150 million of 0.78% bonds due Dec. 23, 2014 on Feb. 3; and

• $140 million of 2.19% bonds due Feb. 7, 2018 on Feb. 7.

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

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