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Published on 5/6/2011 in the Prospect News Agency DailyProspect News Liability Management Daily.

FFCB calls $1.83 billion of consolidated systemwide bonds at par

By Melissa Kory

Cleveland, May 6 - Federal Farm Credit Banks Funding Corp. announced it will redeem $1,827,000,000 of its consolidated systemwide bonds.

The bonds affected include:

• $75 million of 0.85% bonds due Jan. 25, 2013 to be redeemed on May 11;

• $100 million of 0.8% bonds due Feb. 4, 2013 to be redeemed on May 11;

• $262 million of 0.85% bonds due Feb. 26, 2013 to be redeemed on May 13;

• $50 million of 1.35% bonds due Dec. 16, 2013 to be redeemed on May 13;

• $192 million of 2.45% bonds due May 13, 2014 to be redeemed on May 13;

• $70 million of 0.68% bonds due Sept. 7, 2012 to be redeemed on May 16;

• $398 million of 0.62% bonds due Sept. 10, 2012 to be redeemed on May 16;

• $265 million of 1% bonds due June 17, 2013 to be redeemed on May 16;

• $40 million of 3.55% bonds due Feb. 16, 2018 to be redeemed on May 16;

• $150 million of 1.14% bonds due May 17, 2012 to be redeemed on May 17; and

• $225 million of 1.24% bonds due Dec. 16, 2013 to be redeemed on May 17.

FFCB said in a news release that the bonds will be called in whole at par.

Questions may be directed to the Finance Department at 201 200-8030.


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