National Rural Utilities Cooperative Finance Corporation Makes First Loan Sale to Bank
The National Rural Utilities Cooperative Finance Corporation (CFC) has finalized a $25 million loan sale to KeyBank National Association on behalf of KAMO Power, an Oklahoma-based cooperative. Although CFC has made more than $1 billion in loan sales to Farmer Mac over the past five years, this three-year, unsecured loan is the first loan sale made to a bank. KAMO plans to use the funds for a 345-kV transmission project that will stretch from the northeast corner of Oklahoma into Missouri. Click here for more.