The Federal Farm Credit Banks Funding (FFCB) has raised $1.3 billion in a sale of new designated bonds, Reuters reports. The sale was made through the Federal Farm Credit Banks Consolidated Systems Bond Program.
The notes carry a coupon rate of 1.125% and are due to mature on Feb. 27, 2014. The entity within the Farm Credit System appointed Barclays, Credit Suisse and Jefferies as joint lead managers for the deal.
Click here for the story from Reuters.