FFCB to redeem $684 million of consolidated systemwide bonds

By Tali David

Minneapolis, June 20 - Federal Farm Credit Banks Funding Corp. announced the redemption of $684 million of its consolidated systemwide bonds, according to a news release.

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

• $100 million of 2.19% bonds due Dec. 27, 2018, to be redeemed on June 27;

• $25 million of 2.04% bonds due March 29, 2019, to be redeemed on June 27;

• $102 million of 1.05% bonds due June 27, 2014, to be redeemed on June 27;

• $82 million of 2.6% bonds due June 27, 2017, to be redeemed on June 27;

• $250 million of 1.05% bonds due June 27, 2014, to be redeemed on June 27;

• $15 million of 2.3% bonds due Sept. 27, 2019, to be redeemed on June 27; and

• $110 million of 1.14% bonds due March 28, 2016, to be redeemed on June 28.

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

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