$300 Million of Preferred Stock Issued by Farm Credit Bank of Texas

Farm Credit Bank of Texas : http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.farmcreditbank.com%2F&esheet=6417657&lan=en-US&anchor=Farm+Credit+Bank+of+Texas&index=1&md5=6f32fc0035cbc0687b99545fbe310088 (FCBT), a cooperatively owned wholesale funding bank, issued $300 million of perpetual non-cumulative preferred stock on Aug. 26, following strong mid-year financial results and two favorable ratings reports.

“Farm Credit Bank of Texas is extremely pleased to have completed this transaction in the midst of a challenging market environment,” said Larry Doyle, FCBT chief executive officer. “The strong level of interest shown by investors demonstrates that there is demand for high-quality preferred stock from healthy companies, and signals that the capital markets are opening up.”

Barclay’s Capital and Bank of America Merrill

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