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FFCB to redeem $362 million of its consolidated systemwide bonds
By Tali David
Minneapolis, Dec. 20 - Federal Farm Credit Banks Funding Corp. announced the redemption of $362 million of its consolidated systemwide bonds, according to two news releases.
The following bonds will be redeemed at par:
• $105 million of 0.47% bonds due Dec. 27, 2013, to be redeemed on Dec. 27;
• $20 million of 4.98% bonds due Jan. 3, 2031, to be redeemed on Jan. 3;
• $52 million of 3.55% bonds due Dec. 28, 2026, to be redeemed on Dec. 28;
• $120 million of 0.37% bonds due Jan. 17, 2014, to be redeemed on Dec. 28; and
• $65 million of 0.34% bonds due Nov. 29, 2013, to be redeemed on Dec. 28.
FFCB is a Jersey City, N.J.-based network of borrower-owned lending institutions and specialized service organizations.
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