FFCB to redeem $706 million of its consolidated systemwide bonds

By Tali David

Minneapolis, May 9 - Federal Farm Credit Banks Funding Corp. plans to redeem $706 million of its consolidated systemwide bonds, according to a news release.

The following bonds will be redeemed at par plus accrued interest on May 15:

• $75 million of 0.74% bonds due Dec. 15, 2014; and

• $75 million of 0.81% bonds due March 30, 2015.

The following bonds will be redeemed at par plus accrued interest on May 16:

• $20 million of 2.41% bonds due July 13, 2020;

• $150 million of 0.52% bonds due Oct. 24, 2013;

• $90 million of 2.75% bonds due May 16, 2017;

• $150 million of 1.2% bonds due May 16, 2014;

• $75 million of 2.29% due Jan. 27, 2020;

• $43 million of 2.84% bonds due July 26, 2022; and

• $28 million of 2.37% bonds due April 27, 2020.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.