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AgriBank Issues $250 Million in Preferred Stock
St. Paul, Minn., Tuesday, October 29, 2013 – St. Paul-based AgriBank today announced it has issued $250 million in preferred stock. The Series A noncumulative perpetual preferred stock has a dividend rate fixed for 10 years at 6.875 percent and then resets to three-month LIBOR plus 4.225 percent and is callable after 10 years. This stock…