FFCB to redeem $576 million of its consolidated systemwide bonds

By Tali David

Minneapolis, April 26 - Federal Farm Credit Banks Funding Corp. announced the redemption of $576 million of its consolidated systemwide bonds, according to a news release.

The following bonds will be redeemed at par plus accrued interest:

• $50 million of 3.875% bonds due May 7, 2019, to be redeemed on May 7;

• $197 million of 1.94% bonds due July 11, 2018, to be redeemed on May 3;

• $100 million of 2.25% bonds due July 12, 2019, to be redeemed on May 3;

• $54 million of 3% bonds due Oct. 3, 2022, to be redeemed on May 3; and

• $175 million of 0.55% bonds due Feb. 3, 2014, to be redeemed on May 3.

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

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