FFCB to redeem $575.41 million of its consolidated systemwide bonds

By Tali David

Minneapolis, Oct. 2 - Federal Farm Credit Banks Funding Corp. announced the redemption of $575.41 million of its consolidated systemwide bonds in full, according to a news release.

The following bonds will be redeemed at par:

• $335 million of 0.57% bonds due Feb. 17, 2015, to be redeemed on Oct. 10;

• $75 million of 0.62% bonds due May 21, 2015, to be redeemed on Oct. 10;

• $15 million of 0.58% bonds due March 5, 2015, to be redeemed on Oct. 10;

• $125 million of 0.60% bonds due May 7, 2015, to be redeemed on Oct. 10;

• $25 million of 0.62% bonds due June 4, 2015, to be redeemed on Oct. 10; and

• $410,000 of 1% bonds due Oct. 15, 2016, 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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