Company: AGM-PH
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000845877-25-000252
Chunk: 47

Company: FEDERAL AGRICULTURAL MORTGAGE CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 of the nine months ended September 30, 2025 and 2024 was $2.1 billion and $2.3 billion, respectively.Callable medium-term notes give Farmer Mac the option to redeem the debt at par value on a specified call date or at any time on or after a specified call date. The following table summarizes by maturity date the amounts and costs for Farmer Mac debt callable in 2025 as of September 30, 2025:Table 7.2Debt Callable in 2025 as of September 30, 2025, by MaturityAmountWeighted-Average Rate(dollars in thousands)Maturity:2026$1,083,332 1.58 %2027659,736 2.37 %2028309,478 3.74 %2029205,731 3.81 %Thereafter1,318,391 2.48 % Total$3,576,668 2.37 %The following schedule summarizes the earliest interest rate reset date, or debt maturities, of total borrowings outstanding as of September 30, 2025, including callable and non-callable medium-term notes, assuming callable notes are redeemed at the initial call date:Table 7.3Earliest Interest Rate Reset Date, or Debt Maturities, of Borrowings OutstandingAmountWeighted-Average Rate  (dollars in thousands)Debt with interest rate resets, or debt maturities in:  2025$8,025,013 4.11 %20266,377,935 2.91 %20273,983,848 3.35 %20283,382,518 4.04 %20292,547,171 4.30 %Thereafter4,888,005 3.23 %Total principal net of discounts$29,204,490 3.61 %During the nine months ended September 30, 2025 and 2024, Farmer Mac called $1.7 billion and $1.2 billion of callable medium-term notes, respectively. Authority to Borrow from the U.S. TreasuryFarmer Mac's statutory charter authorizes it, upon satisfying certain conditions, to borrow up to $1.5 billion from the U.S. Treasury through the issuance of debt obligations to the U.S. Treasury. Any funds