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FFCB to redeem $354 million of its consolidated systemwide bonds
By Tali David
Minneapolis, July 13 - Federal Farm Credit Banks Funding Corp. announced the redemption of $354 million of its consolidated systemwide bonds, according to a news release.
The following bonds will be redeemed at par plus accrued interest on July 20:
• $32 million of 1.75% bonds due Nov. 21, 2018;
• $172 million of 1.65% bonds due March 14, 2018; and
• $150 million of 1.99% bonds due March 14, 2019.
FFCB is a Jersey City-based network of borrower-owned lending institutions and specialized service organizations.
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