FFCB to redeem $547 million of its consolidated systemwide bonds

By Tali David

Minneapolis, Sept. 20 - Federal Farm Credit Banks Funding Corp. announced the redemption of $547 million of its consolidated systemwide bonds, according to a news release.

The following bonds will be redeemed at par plus accrued interest on Sept. 27:

• $100 million of 2.9% bonds due Sept. 27, 2021;

• $75 million of 0.85% bonds due June 6, 2016;

• $42 million of 0.84% bonds due June 13, 2016;

• $210 million of 0.99% bonds due Dec. 19, 2016; and

• $120 million of 0.87% bonds due June 27, 2016.

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

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