FFCB calls $1.36 billion of consolidated systemwide bonds

By Tali David

Minneapolis, Dec. 8 - Federal Farm Credit Banks Funding Corp. announced the redemption of $1.351 billion of consolidated systemwide bonds, according to a company release.

The company will redeem $6 million of its 2.625% notes due Dec. 16, 2019 at par on Dec. 16.

The following bonds will be called at par on Dec. 15:

• $165 million of its 2.48% notes due Dec. 15, 2015;

• $300 million of its 1.37% notes due Dec. 15, 2014;

• $327 million of its 2.58% notes due Nov. 23, 2018;

• $230 million of its 2% notes due May 23, 2017;

• $107 million of its 2.3% notes due March 1, 2018;

• $163 million of its 2.61% notes due March 6, 2019; and

• $53 million of its 2.85% notes due Dec. 9, 2019.

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

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