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Published on 10/28/2011 in the Prospect News Agency DailyProspect News Liability Management Daily.

FFCB to redeem $670 million consolidated systemwide bonds Nov. 10-15

By Tali David

Minneapolis, Oct. 28 - Federal Farm Credit Banks Funding Corp. announced the redemption of $670 million of consolidated systemwide bonds, according to a news release.

The following notes will be called at par:

• $335 million of its 1.05% notes due Nov. 10, 2014 to be called on Nov. 10;

• $195 million of its 1.98% notes due Nov. 15, 2016 to be called on Nov. 15; and

• $140 million of its 2.6% notes due Feb. 15, 2018 to be called on Nov. 15.

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


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