Farmer Mac Announces First Global Debt Offering

Farmer Mac Announces First Global Debt Offering 


WASHINGTON, July 22  /PRNewswire-FirstCall/ -- The Federal Agricultural
Mortgage Corporation (Farmer Mac), the Congressionally chartered secondary
market for agricultural real estate and rural housing mortgage loans, today
announced it will offer $500 million of three-year Global Notes under its new
Global Debt Program.  The Notes will be priced next week and are expected to be
listed on the New York Stock Exchange and the London Stock Exchange. Farmer Mac
has named Bear, Stearns & Co. Inc. and Merrill Lynch & Co. as the co-lead
dealers for the offering.  The Corporation will use the proceeds of the Notes
for general corporate purposes.

Farmer Mac is a stockholder-owned instrumentality of the United States
chartered by Congress to establish a secondary market for agricultural real
estate and rural housing mortgage loans, and to facilitate capital market
funding for USDA guaranteed farm program and rural development loans.  Farmer
Mac's Class C and Class A common stocks are listed on the New York Stock
Exchange under the symbols AGM and AGM.A, respectively.  Additional information
about Farmer Mac is available on Farmer Mac's website at
http://www.farmermac.com/. 

DATASOURCE: Farmer Mac



CONTACT:  Mary K. Waters of Farmer Mac, [phone]



Web site:  http://www.farmermac.com/ 

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