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          Disclaimer: the report generated from this website and the online calculator is provided for information purposes only. The FNFA cannot guarantee that all of the information entered to generate this report is accurate. FNFA staff recommends that this report be re-done regularly as interest rates can change materially from time-to-time as economic events unfold.

          FNFA normally issues 10 year debentures. FNFA members whose Borrowing Laws chose a loan term exceeding 10 years would find their loan rate fixed for years 1-10; at the end of 10 years each FNFA member can:

          1. have their outstanding balance refinanced at market rates at the time;
          2. pay off all of the outstanding balance without penalty;
          3. pay off part of the outstanding balance without penalty, and refinance the remainder.

          I have read and understand the above statement.

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          The FNFA expects the next debenture to be in the fall of 2022. Is the financing required before this date?

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