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FFCB to redeem $296 million of its consolidated systemwide bonds
By Tali David
Minneapolis, April 20 - Federal Farm Credit Banks Funding Corp. announced the redemption of $296 million of its consolidated systemwide bonds, according to a news release.
The following bonds will be redeemed at par plus accrued interest on April 27:
• $138 million of 2.14% bonds due April 27, 2015;
• $80 million of 2.44% bonds due April 27, 2016; and
• $78 million of 3.4% bonds due April 27, 2017.
FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.
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