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FFCB to redeem $511 million of its consolidated systemwide bonds
By Tali David
Minneapolis, Feb. 7- Federal Farm Credit Banks Funding Corp. announced the planned redemption of $511 million of its consolidated systemwide bonds, according to a news release.
The following bonds will be redeemed at par:
• $29 million of 4% bonds due Dec. 17, 2018, to be redeemed on Feb. 17;
• $200 million of 2.625% bonds due May 14, 2020, to be redeemed on Feb. 14;
• $50 million of 2% bonds due May 14, 2018, to be redeemed on Feb. 14;
• $97 million of 2.15% bonds due Aug. 14, 2018, to be redeemed on Feb. 14;
• $35 million of 2.49% bonds due Aug. 15, 2019, to be redeemed on Feb. 15; and
• $100 million of 1.48% bonds due Feb. 14, 2014, to be redeemed on Feb. 14.
FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.
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