FFCB to redeem $841.03 million of consolidated systemwide bonds

By Tali David

Minneapolis, Oct. 4 - Federal Farm Credit Banks Funding Corp. announced the redemption of $841.03 million of its consolidated systemwide bonds in full, according to a news release.

The following bonds will be redeemed at par:

• $310 million of 0.95% bonds due Dec. 12, 2016, to be redeemed on Oct. 12;

• $373 million of 1.10% bonds due June 12, 2017, to be redeemed on Oct. 12;

• $100 million of 1.03% bonds due March 27, 2017, to be redeemed on Oct. 12;

• $36,344,000 of 1.75% bonds due Oct. 15, 2018, to be redeemed on Oct. 15;

• $15,325,000 of 1.25% bonds due Oct. 15, 2016, to be redeemed on Oct. 15; and

• $6,361,000 of 1.75% bonds due April 15, 2018, to be redeemed on Oct. 15.

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

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