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FFCB to redeem $295 million of its consolidated systemwide bonds
By Tali David
Minneapolis, March 23 - Federal Farm Credit Banks Funding Corp. announced the redemption of $295 million of its consolidated systemwide bonds, according to a news release.
The following bonds will be redeemed at par plus accrued interest on March 30:
• $100 million of 1.99% bonds due March 30, 2015;
• $85 million of 3% bonds due March 30, 2017; and
• $110 million of 2.54% bonds due March 30, 2016.
FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.
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