Farm Credit Designated Bonds are liquid, non-callable and callable securities that generally have original maturities between two- and ten-years. Each new issue of non-callable Designated Bonds has a par value of $1 billion or more. Each new issue of callable Designated Bonds has a par value of $500 million or more.
Discount
Notes - generally issued each Business Day with maturities
ranging from one to 365 days. As the name would imply, Discount Notes
are sold on a discounted basis (i.e., offered at less than par), similar
to U.S. Treasury Bills.
