Every 424B that National Rural Utilities Cooperative Finance Corporation 5.500% Subordinated Notes due 2064 (Subordinated Deferrable Interest Notes) (NRUC) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow NRUC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NRUC filings page.
National Rural Utilities Cooperative Finance Corporation is offering Medium-Term Notes, Series D in a primary issuance with a $195,000.00 principal amount at an issue price of 100%. The notes bear interest at 3.61% per annum, have an original issue date of March 3, 2026, and mature on March 15, 2027. Trade and pricing supplement dates are February 26, 2026, and regular interest payments are scheduled each January 15 and July 15.
National Rural Utilities Cooperative Finance Corporation amended Pricing Supplement No. 10471 to correct an error in the Original Issue Date and Maturity Date for a Medium-Term Note offering. The Pricing Supplement lists a $2,000,000.00 principal amount at 100% issue price, Original Issue Date February 15, 2026, Maturity Date February 15, 2027, and an interest rate of 3.60% per annum. The supplement restates the prior Pricing Supplement dated February 11, 2026 and references the prospectus supplement dated October 27, 2023.
National Rural Utilities Cooperative Finance Corporation priced a Medium-Term Note offering of $7,500,000 at 100% of principal with an interest rate of 3.60% per annum.
The notes have an original issue date of February 27, 2026 and mature on December 15, 2026. Interest is payable each January 15 and July 15 with record dates each January 1 and July 1. The pricing supplement lists no agent commission and indicates no redemption date for the issue.
National Rural Utilities Cooperative Finance Corporation priced a Medium-Term Note offering, Series D, with a $7,500,000.00 principal amount at 100% of principal. The notes bear interest at 3.64% per annum, trade date February 24, 2026, original issue date February 27, 2026, and mature on December 15, 2027
Interest is paid each January 15 and July 15 with regular record dates of January 1 and July 1. The pricing supplement lists no redemption feature and shows no agents' commission. Counsel rendered an opinion that the notes will be valid obligations, subject to customary bankruptcy and equitable-law qualifications.
National Rural Utilities Cooperative Finance Corporation is issuing a $2,000,000 Medium-Term Note, Series D, as part of its ongoing debt program. The note will be issued on February 15, 2026, matures on November 15, 2027, and is priced at 100% of principal, meaning it is sold at par.
The note bears a fixed interest rate of 3.62% per annum, with interest paid semiannually on January 15 and July 15 to holders of record on January 1 and July 1. There is no redemption date, so the note is expected to remain outstanding until maturity, and there is no agents’ commission listed, indicating the company does not show a selling concession in this supplement.
Legal counsel Hogan Lovells US LLP opines that, after the company receives payment and the notes are properly issued under the indenture, these notes will be valid and binding obligations of the company, subject to standard bankruptcy and creditors’ rights laws and general principles of equity.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, under its existing program. The note has a principal amount of $1,750,000, an issue price of 100% of principal, and bears interest at 3.60% per annum. It will be issued on February 15, 2026 and will mature on February 15, 2027, with interest paid on each January 15 and July 15 to holders of record on each January 1 and July 1. There is no redemption date and no agent’s commission. Counsel Hogan Lovells US LLP states that, after proper authorization, execution and delivery under the governing indenture, the note will be a valid and binding obligation of the company, subject to customary bankruptcy and enforcement limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a $1,000,000 Medium-Term Note, Series D, under an existing shelf registration. The note carries a fixed interest rate of 3.59% per annum, with an issue price equal to 100% of the principal amount.
The note will be issued on February 15, 2026 and will mature on December 15, 2026. Interest will be paid semi-annually on each January 15 and July 15 to holders of record on each preceding January 1 and July 1. The note has no redemption provisions and no selling agent commission is payable.
Legal counsel Hogan Lovells US LLP opines that, once properly authorized, executed, authenticated and paid for under the governing indenture and related agreements, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing $2,000,000 of Medium-Term Notes, Series D, at 100% of principal. The notes are dated February 15, 2026 and mature on December 15, 2026, bearing interest at 3.59% per annum.
Interest will be paid on each January 15 and July 15, to holders of record on each preceding January 1 and July 1. The notes have no stated redemption date and no agents’ commission is listed.
Counsel Hogan Lovells US LLP opines that, after proper authorization, execution and delivery under the indenture and for consideration, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and equitable principles under District of Columbia and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a $300,000.00 Medium-Term Note, Series D, with an issue price of 100% of principal. The note will be issued on February 15, 2026 and will mature on April 15, 2027, giving it a term of just over one year.
The note pays interest at a fixed rate of 3.61% per annum, with interest payable on each January 15 and July 15 to holders of record on each preceding January 1 and July 1. There is no redemption date, and no selling commission is paid to agents for this issuance.
Legal counsel Hogan Lovells US LLP states that, after proper authorization, payment and delivery under the indenture, the note will constitute a valid and binding obligation of the company, subject to standard bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, with a principal amount of $300,000.00. The note bears interest at 3.61% per annum, will be issued on February 15, 2026, and matures on April 15, 2027.
Interest is payable on each January 15 and July 15 to holders of record on each January 1 and July 1. The note has no redemption date and no agent’s commission is payable. Counsel Hogan Lovells US LLP opines the note will be a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a $300,000 Medium-Term Note, Series D, with a fixed interest rate of 3.61% per annum. The note will be issued on February 15, 2026 and will mature on April 15, 2027.
Interest will be paid semiannually on January 15 and July 15, to holders of record on January 1 and July 1. The note is priced at 100% of principal, carries no redemption features before maturity, and involves no selling agent commission. Counsel Hogan Lovells US LLP opines that, after proper authorization, issuance and delivery, the note will be a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing $300,000 of Medium-Term Notes, Series D, bearing 3.61% annual interest. The notes will be issued on February 15, 2026 and mature on April 15, 2027 at 100% of principal.
Interest is paid on January 15 and July 15, to holders of record on January 1 and July 1. The notes have no redemption date and no selling agent commission. Hogan Lovells US LLP opines the notes are valid and binding obligations, subject to typical bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a new medium-term note under its Series D program. The note has a principal amount of $400,000, an issue price of 100% of principal, and will mature on February 15, 2028.
The note carries a fixed interest rate of 3.63% per year, with interest paid semiannually on each January 15 and July 15 to holders of record on each preceding January 1 and July 1. There is no stated redemption date, meaning the note is not scheduled to be called before maturity.
Legal counsel Hogan Lovells US LLP states that, after proper authorization, payment and delivery under the governing indenture and related agreements, the note will constitute a valid and binding obligation of the company, subject to typical bankruptcy, insolvency and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a medium-term note under its Series D program with a principal amount of $100,000.00. The note is priced at 100% of principal, will be issued on February 15, 2026, and will mature on February 15, 2027.
The note carries a fixed interest rate of 3.60% per year, with interest paid on each January 15 and July 15 to holders of record on each January 1 and July 1. There is no redemption feature or agent commission disclosed for this note.
Counsel Hogan Lovells US LLP states that, once properly authorized, executed, authenticated and paid for under the applicable indenture and agreements, the note will constitute a valid and binding obligation of the company, subject to standard bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a $1,000,000 Medium-Term Note, Series D, at 100% of principal with a fixed interest rate of 3.60% per annum. The note will be issued on February 15, 2026 and will mature on February 15, 2027.
Interest is payable on January 15 and July 15, to holders of record on January 1 and July 1. There is no redemption date and no agents’ commission. Counsel Hogan Lovells US LLP states the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equity-related limitations under District of Columbia and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, under its existing program. The note has a principal amount of $100,000.00, an issue price of 100% of principal, and carries interest at 3.60% per annum.
The note will be issued on February 15, 2026 and will mature on February 15, 2027. Interest is paid semiannually on each January 15 and July 15 to holders of record on each January 1 and July 1. The note has no redemption date and no agent’s commission applies.
Legal counsel Hogan Lovells US LLP states that, after proper authorization, execution and delivery under the applicable indenture, the note will constitute a valid and binding obligation of the company, subject to standard bankruptcy, insolvency and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, with a principal amount of $2,000,000.00. The note is priced at 100% of principal, carries a fixed interest rate of 3.60% per annum, and matures on February 11, 2027.
Interest will be paid semi-annually on each January 15 and July 15, to holders of record on each January 1 and July 1. The note has no redemption date and no agent’s commission is payable. Counsel Hogan Lovells US LLP states the note will be a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles under District of Columbia and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a new Medium-Term Note, Series D, under an existing shelf program. The note has a principal amount of $750,000, an interest rate of 3.63% per annum, and is priced at 100% of principal.
The note’s original issue date is February 15, 2026, with a maturity date of February 15, 2028. Interest is payable each January 15 and July 15 to holders of record on January 1 and July 1. There is no redemption feature and no agent’s commission on this issuance.
Hogan Lovells US LLP opines that, after proper authorization, execution, and delivery under the applicable indenture and agreements, the notes will be valid and binding obligations of the company, subject to typical bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is offering a Medium-Term Note, Series D, with a principal amount of $100,000.00. The note carries a fixed interest rate of 3.59% per annum, priced at 100% of principal.
The note is scheduled to be issued on February 15, 2026 and will mature on December 15, 2026. Interest will be paid semi-annually on each January 15 and July 15, to holders of record on each preceding January 1 and July 1. There is no redemption date and no agent’s commission is listed.
Legal counsel Hogan Lovells US LLP states that, once properly authorized, executed and delivered under the applicable indenture and agreements, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles under District of Columbia and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing $250,000 of Medium-Term Notes, Series D, at 100% of principal with a fixed interest rate of 3.61% per annum, maturing on July 15, 2027.
Interest will be paid on January 15 and July 15 to holders of record on January 1 and July 1. The notes have no redemption date and no agent’s commission. Counsel Hogan Lovells US LLP opines the notes will be valid and binding obligations of the company, subject to standard bankruptcy and equity-related legal limitations.
National Rural Utilities Cooperative Finance Corporation is offering a Medium-Term Note, Series D, detailed in Pricing Supplement No. 10467. The note has a principal amount of $950,000, an interest rate of 3.59% per annum, and will be issued on February 15, 2026 and mature on January 15, 2027. Interest is paid semiannually on January 15 and July 15, to holders of record on January 1 and July 1. The note is priced at 100% of principal, carries no agents’ commission, and has no redemption date. Counsel Hogan Lovells US LLP states the note will be a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a $5,000,000 Medium-Term Note, Series D, under its existing shelf program. The note is priced at 100% of principal, will be issued on February 15, 2026, and matures on February 15, 2027.
The note carries a fixed interest rate of 3.60% per annum, with interest paid on January 15 and July 15 to holders of record on January 1 and July 1. There is no redemption provision and no agent’s commission is payable on this issuance. Counsel Hogan Lovells US LLP opines that, after proper authorization, execution and delivery under the indenture, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a $5,000,000 Medium-Term Note, Series D, priced at 100% of principal. The note bears interest at 3.59% per annum, will be issued on February 15, 2026, and matures on December 15, 2026. Interest is payable on January 15 and July 15 to holders of record on January 1 and July 1. The note has no redemption date and no agent’s commission. Counsel Hogan Lovells US LLP opines that, after proper authorization, payment of consideration and execution under the indenture, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing $5,000,000 of Medium-Term Notes, Series D. The notes are priced at 100% of principal, bear interest at 3.59% per annum, and mature on December 15, 2026, with an original issue date of February 15, 2026.
Interest will be paid semi-annually on each January 15 and July 15 to holders of record on each January 1 and July 1. The notes have no redemption date and carry no selling commission for agents. Counsel Hogan Lovells US LLP states these notes will be valid, binding obligations of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a $15,000,000 Medium-Term Note, Series D, under its existing program. The note is priced at 100% of principal, bears interest at 3.59% per annum, and matures on December 15, 2026.
Interest will be paid on January 15 and July 15, to holders of record on January 1 and July 1. The note has no redemption date and carries no agent’s commission. Counsel Hogan Lovells US LLP opines that, once properly authorized, issued and delivered, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corporation is issuing $10,000,000 of Medium-Term Notes, Series D under its existing program. The notes bear interest at 3.59% per annum, will be issued on February 15, 2026, and mature on December 15, 2026. Interest is paid on each January 15 and July 15 to holders of record on each January 1 and July 1. There is no redemption date and no agents’ commission for this issuance. Counsel Hogan Lovells US LLP opines that, after proper authorization, execution and delivery, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing $5,000,000 of Medium-Term Notes, Series D, under its existing shelf program. The notes are priced at 100% of principal, bear interest at 3.63% per annum, and mature on February 15, 2028.
Interest will be paid semiannually on each January 15 and July 15 to holders of record on January 1 and July 1. Hogan Lovells US LLP opines that, after proper authorization, issuance, and delivery, the notes will be valid and binding obligations of the company, subject to standard bankruptcy and equity-related legal limitations.
National Rural Utilities Cooperative Finance Corporation is issuing $2,500,000.00 of Medium-Term Notes, Series D, under its existing note program. The notes will be issued at 100% of principal amount on February 15, 2026 and will mature on December 15, 2026.
The notes bear interest at a fixed rate of 3.59% per annum, with interest paid on January 15 and July 15 to holders of record on January 1 and July 1. There is no redemption date and no agent’s commission disclosed for this issuance.
Legal counsel Hogan Lovells US LLP states that, after proper authorization, execution and delivery under the applicable indenture, the notes will constitute valid and binding obligations of the company, subject to customary bankruptcy, insolvency and equity-related legal limitations under New York law and the District of Columbia General Cooperative Association Act of 2010.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, under its existing program. The note has a principal amount of $300,000.00, an issue price of 100% of principal, and will bear interest at 3.59% per annum.
The note will be issued on February 15, 2026 and will mature on December 15, 2026, with interest payable each January 15 and July 15 to holders of record on January 1 and July 1. There is no redemption date and no agent’s commission. Counsel Hogan Lovells US LLP opines that, after proper issuance and payment, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corporation is issuing Series D medium-term notes with a principal amount of $1,300,000.00. The notes are priced at 100% of principal, carry a fixed interest rate of 3.59% per annum, and mature on December 15, 2026.
Interest is paid semiannually on January 15 and July 15, to holders of record on January 1 and July 1. There is no redemption feature or agents’ commission. Counsel Hogan Lovells US LLP opines that, upon proper issuance, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a new medium-term note under its Series D program. The note has a principal amount of $1,000,000.00, is priced at 100% of principal, and will bear interest at 3.59% per annum.
The note will be issued on February 15, 2026 and will mature on December 15, 2026, with interest paid on each January 15 and July 15 to holders of record on each January 1 and July 1. The note has no redemption date and carries no agent’s commission. Counsel Hogan Lovells US LLP states that, after proper issuance and payment, the note will be a valid and binding obligation of the company, subject to typical bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corporation is offering $250,000 of Medium-Term Notes, Series D, bearing 3.60% annual interest and maturing on February 15, 2027. The notes are issued at 100% of principal, with no redemption feature and no agent commission.
Interest is paid on January 15 and July 15, to holders of record on January 1 and July 1. Counsel Hogan Lovells US LLP states that, after proper authorization, issuance and payment, these notes will be valid and binding obligations of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is offering a $1,000,000 Medium-Term Note, Series D, bearing interest at 3.60% per annum, issued at 100% of principal on February 15, 2026 and maturing on February 15, 2027.
Interest is paid on January 15 and July 15, to holders of record on January 1 and July 1. The note has no redemption provisions and no agent’s commission. Counsel Hogan Lovells US LLP opines the note will be a valid, binding obligation, subject to customary bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a $1,000,000 Medium-Term Note, Series D, under its existing program. The note carries a fixed interest rate of 3.59% per annum, will be issued on February 15, 2026, and matures on December 15, 2026.
Interest is scheduled to be paid on January 15 and July 15, to holders of record on January 1 and July 1, and there is no optional redemption date and no agent’s commission on this issuance. Counsel Hogan Lovells US LLP opines that, after proper authorization, execution and delivery, the note will be a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles under District of Columbia and New York law.
National Rural Utilities Cooperative Finance Corp is issuing $596,000 principal amount of 5.500% fixed-rate subordinated deferrable interest notes due February 15, 2056. The notes are priced at 100.000% of principal, with a 3.150% gross concession, providing net proceeds of $577,226.00.
Interest is paid semi-annually, with the first coupon of $27.96 on August 15, 2026, and a survivor’s option is available. The notes are callable at the issuer’s option at 100% of principal plus accrued interest on or after February 15, 2031.
Counsel opines the notes should be treated as indebtedness for U.S. federal income tax purposes, but there is no controlling authority and the IRS could challenge this view, so investors are directed to review the detailed tax discussion and consult tax advisors.
National Rural Utilities Cooperative Finance Corp is issuing $877,000 principal amount of senior unsecured notes with a fixed 3.750% annual coupon, paid monthly, and a maturity date of February 15, 2029. The notes are priced at 100.000% of principal and are non-callable, so they are scheduled to remain outstanding until maturity. Net proceeds to the company are listed as $869,764.75 after a 0.825% gross concession to the purchasing agent. The minimum denomination is $1,000 and the first coupon payment of $3.44 is due on March 15, 2026. The notes include a survivor’s option and are issued as DTC book-entry securities under an existing prospectus and indenture.
National Rural Utilities Cooperative Finance Corporation is offering $2,250,000.00 of Medium-Term Notes, Series D, as described in this pricing supplement. The notes bear interest at 3.65% per annum and are scheduled to mature on June 15, 2028.
Interest is payable semi-annually on January 15 and July 15 to holders of record on January 1 and July 1. The notes are issued at 100% of their principal amount, carry no redemption provisions or agents’ commission, and Hogan Lovells US LLP opines they will be valid and binding obligations subject to customary bankruptcy and equity-related limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a $250,000 Medium-Term Note, Series D, under its existing prospectus. The note is priced at 100% of principal, carries a fixed 3.61% annual interest rate, and will mature on December 15, 2026.
The original issue date is February 5, 2026, with interest paid on January 15 and July 15, to holders of record on each preceding January 1 and July 1. There is no redemption feature and no selling agents’ commission. Counsel Hogan Lovells US LLP states the note will be a valid and binding obligation of the company, subject to customary bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corporation is issuing $600,000,000 principal amount of Medium-Term Notes, Series D, as floating rate notes maturing on August 9, 2027. The notes are priced at 100% of principal and will pay interest quarterly based on Compounded SOFR plus 43 basis points, using an Actual/360 day count.
Interest will be paid each February 9, May 9, August 9 and November 9, starting May 9, 2026, with payment at maturity equal to 100% of principal plus accrued interest. The notes will be issued in book-entry form, with MUFG Securities Americas Inc., RBC Capital Markets, Truist Securities and others acting as principals, earning a 0.10% selling concession.
The notes are not intended for retail investors in the United Kingdom, and no UK PRIIPs key information document has been prepared. Concurrently, the company is also offering an additional $600,000,000 principal amount of Series D notes under a separate pricing supplement. Settlement is expected on a T+4 basis on February 9, 2026.
National Rural Utilities Cooperative Finance Corporation is issuing $600,000,000 of Medium-Term Notes, Series D, due February 9, 2029. The fixed-rate notes are priced at 99.941% of principal and pay interest at 4.05% per annum, with semi-annual payments each February 9 and August 9, starting August 9, 2026.
The company may redeem the notes before January 9, 2029 at a make-whole redemption price based on a Treasury Rate plus 10 basis points, and at 100% of principal on or after that date, in each case plus accrued interest. An agents’ discount or commission of 0.20% applies. The notes settle on a T+4 basis on February 9, 2026, and are offered alongside a separate concurrent $600,000,000 Series D issue. The notes are not intended for retail investors in the United Kingdom under UK PRIIPs rules.
National Rural Utilities Cooperative Finance Corporation is issuing a $560,000 Medium-Term Note, Series D. The note carries a fixed interest rate of 3.86% per annum, priced at 100% of principal, with an original issue date of February 4, 2026 and a maturity date of February 15, 2029.
Interest will be paid semiannually on each January 15 and July 15 to holders of record on each January 1 and July 1. The note has no stated redemption date and no agent’s commission. Counsel Hogan Lovells US LLP opines that, after proper issuance and payment, the note will be a valid and binding obligation of the company, subject to standard bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corp is issuing $1,221,000 principal amount of 3.700% senior unsecured notes maturing on February 15, 2028. The notes are priced at 100.000%, carry fixed monthly interest, and pay the first coupon of $4.11 on March 15, 2026.
The offering is non-callable and includes a survivor’s option, allowing repayment upon the holder’s death under stated conditions. After a 0.550% selling concession, the company expects net proceeds of $1,214,284.50. Hogan Lovells US LLP opines that, after proper issuance, the notes will be valid and binding obligations of the company, subject to applicable bankruptcy and creditor-rights laws.
National Rural Utilities Cooperative Finance Corp is offering subordinated deferrable interest notes due February 15, 2056. The notes are priced at 100.000% of principal and pay a fixed 5.500% annual coupon, with interest paid semi-annually starting on August 15, 2026.
These notes include a survivor’s option and are callable at the issuer’s option, in whole or in part, at 100% of principal plus accrued interest on any day on or after February 15, 2031. The offering runs from February 2, 2026 through February 9, 2026, with a trade date of February 9, 2026 and settlement on February 12, 2026. The minimum denomination is $1,000 and integral multiples of $1,000.
National Rural Utilities Cooperative Finance Corp is offering fixed-rate senior unsecured notes under its InterNotes program. The notes pay a 3.750% coupon with interest paid monthly and are scheduled to mature on February 15, 2029.
The notes are non-callable, include a survivor's option, and are offered at 100% of principal during an offering period from February 2 to February 9, 2026. The minimum denomination is $1,000, with settlement through DTC book-entry only and distribution via several named dealer agents.
National Rural Utilities Cooperative Finance Corporation files a Supplement dated January 28, 2026 that amends the Prospectus Supplement dated October 27, 2023 for its Medium-Term Notes, Series D to revise the list of agents under the Agency Agreement.
The Supplement replaces each reference to Scotia Capital (USA) Inc. with BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc. and M&T Securities, Inc. and restates the full roster of agents named for the offering.
National Rural Utilities Cooperative Finance Corporation is issuing a new Medium-Term Note, Series D, with a principal amount of $2,500,000.00. The note is priced at 100% of principal, carries a fixed interest rate of 3.63% per annum, and will be issued on January 29, 2026, maturing on December 15, 2026.
Interest will be paid semiannually on each January 15 and July 15, to holders of record on each January 1 and July 1. There is no redemption date and no agent’s commission on this note. Counsel Hogan Lovells US LLP states that, once properly authorized, executed and delivered under the indenture and applicable agreements, the note will be a valid and binding obligation of the company, subject to typical bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corp is offering a new series of InterNotes senior unsecured notes under its existing shelf registration. The notes carry a fixed 3.700% coupon, priced at 100.000% of principal, with interest paid monthly and a stated maturity on February 15, 2028.
The notes are non-callable and include a survivor's option, allowing repayment upon the death of the beneficial owner, as described in the base prospectus. The first coupon payment is scheduled for March 15, 2026 with an initial coupon amount of $4.11. The minimum denomination is $1,000, in increments of $1,000, and they will be issued in DTC book-entry form through agents including InspereX LLC and major broker-dealers.
National Rural Utilities Cooperative Finance Corp is offering $1,269,000 of senior unsecured notes with a fixed 3.600% coupon, priced at 100.000% of principal. The notes pay interest monthly and mature on January 15, 2028, with the first coupon payment on February 15, 2026 and an initial coupon amount of $2.20. The notes are non-callable, but include a survivor’s option that allows repayment at par upon the death of the beneficial owner, subject to the program’s terms.
The offering runs from January 12, 2026 through January 20, 2026, with a trade date of January 20, 2026 and settlement on January 23, 2026 in $1,000 minimum denominations. Notes are sold at the stated selling price, with a 0.550% gross concession resulting in net proceeds to the company of $1,262,020.50. The notes are issued through a group of agents and are expected, subject to customary legal qualifications, to constitute valid and binding obligations of the company.
National Rural Utilities Cooperative Finance Corporation is offering a Medium-Term Note, Series D, with a principal amount of $1,980,000.00. The note is issued at 100% of its principal amount, will be dated January 16, 2026, and will mature on November 15, 2026. It carries a fixed interest rate of 3.66% per annum, with interest payable each January 15 and July 15 to holders of record on each preceding January 1 and July 1.
The note has no redemption date and no agent’s commission is payable on this issuance. Hogan Lovells US LLP opines that, after receipt of the stated consideration and proper execution under the indenture, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy, insolvency and equitable principles under District of Columbia and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing $1,750,000 of Medium-Term Notes, Series D, under its existing medium-term note program. The notes are priced at 100% of principal amount, bear interest at 3.68% per annum, and mature on January 15, 2027.
Interest is payable semiannually on January 15 and July 15, with regular record dates of January 1 and July 1, and there is no redemption date specified. No agent’s commission applies to this issuance. Hogan Lovells US LLP opines that, after proper authorization, issuance and delivery, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and creditors’ rights laws and governed by District of Columbia cooperative law and New York law.