Farmer Mac obtains the funds to finance its loan purchases and other business activities by selling unsecured senior debt securities in the capital markets.
Features of Farmer Mac Debt
Farmer Mac obtains most of its funding through two types of funding vehicles: discount notes and medium-term notes.
Debt Offering Circular
The offering circular is a legal document that outlines all material details of a specific funding program.
The pricing supplement provides additional details about the specific security issuance, including the CUSIP number, settlement and maturity dates, principal amount, coupon or formula, frequency of interest payments, interest payment dates and underwriters.
Farmer Mac Dealers
Farmer Mac utilizes a network of dealers to underwrite its debt securities.