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FFCB to redeem $742 million of its consolidated systemwide bonds
By Tali David
Minneapolis, Jan. 31 - Federal Farm Credit Banks Funding Corp. announced the redemption of $742 million of its consolidated systemwide bonds.
According to a news release, the following bonds will be redeemed at par on Feb. 7:
• $142 million of 3.2% bonds due Feb. 7, 2012;
• $265 million of 0.7% bonds due Oct. 3, 2014; and
• $335 million of 0.79% bonds due Nov. 7, 2014.
FFCB is a Jersey City-based network of borrower-owned lending institutions and specialized service organizations.
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