FFCB to redeem $474 million of its consolidated systemwide bonds

By Tali David

Minneapolis, July 19 - Federal Farm Credit Banks Funding Corp. announced the redemption of $474 million of its consolidated systemwide bonds.

According to a news release, the following bonds will be redeemed at par:

• $210 million of 0.29% bonds due March 27, 2013, to be redeemed on July 26;

• $14 million of 3.125% bonds due Jan. 30, 2024, to be redeemed on July 30;

• $130 million of 0.98% bonds due Aug. 8, 2016, to be redeemed on July 26; and

• $120 million of 1% bonds due Aug. 22, 2016, to be redeemed on July 26.

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

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