FFCB to redeem $321.06 million of its consolidated systemwide bonds

By Tali David

Minneapolis, Nov. 6 - Federal Farm Credit Banks Funding Corp. announced the redemption of $321,063,000 of its consolidated systemwide bonds, according to two news releases.

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

• $105 million of 1.47% bonds due Nov. 14, 2016 to be redeemed on Nov. 14;

• $200 million of 1.93% bonds due May 13, 2015 to be redeemed on Nov. 13;

• $11,608,000 of 2% bonds due May 15, 2019 to be redeemed on Nov. 15; and

• $4,455,000 of 1.5% bonds due May 15, 2018 to be redeemed on Nov. 15.

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

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