CFC expands Farmer Mac secured note facility to $6B and extends draw period to 2027

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/

Maximum Purchase Amount raised from $5.5B to $6.0B.
Draw period extended to June 30, 2027, with automatic one-year renewals unless 425 days’ notice.
As of June 20, 2022, $3.1B of secured notes outstanding under the facility.
Counterparty: Farmer Mac Mortgage Securities Corp, guaranteed by Farmer Mac.

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