FFCB to redeem $47 million of its consolidated systemwide bonds

By Tali David

Minneapolis, May 1 - Federal Farm Credit Banks Funding Corp. announced the redemption of $47 million of its consolidated systemwide bonds, according to a news release.

The following bonds will be redeemed at par plus accrued interest on May 8:

• $10 million of 4% bonds due Dec. 22, 2043;

• $12 million of 3.85% bonds due Dec. 27, 2029; and

• $25 million of 3.5% bonds due Jan. 26, 2027.

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

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