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National Rural Utilities CFC (NRUC) updates Series D agent roster

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(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

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.

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FAQ

What change does NRUC disclose in the January 28, 2026 supplement?

It replaces Scotia Capital (USA) Inc. with four named agents. The Supplement updates the Agency Agreement to list BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc., and M&T Securities, Inc., and restates the full agent roster associated with the Series D medium-term notes offering.

Which prospectus and dates are referenced in the supplement for NRUC's Series D notes?

The Supplement amends the Prospectus Supplement dated October 27, 2023. It is filed as a Supplement to the Prospectus Supplement dated October 27, 2023 and to the base prospectus dated October 24, 2023 for Series D medium-term notes.

Who are the full agents listed after the amendment in the supplement?

The filing lists twelve agents by name. The roster includes RBC Capital Markets, BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, J.P. Morgan Securities LLC, KeyBanc, Mizuho, MUFG, M&T Securities, PNC, Regions, Truist, and U.S. Bancorp Investments.

Does the supplement change the terms of the Medium-Term Notes, Series D offering?

The Supplement revises the agent list but does not state changes to note terms. It expressly amends the Agency Agreement to revise agents; no alterations to offering terms are included in the provided excerpt.

How should investors interpret this type of supplement for NRUC's offering?

It is an administrative amendment reflecting agent changes. The Supplement updates the names of underwriting/placement agents in the Agency Agreement for the Series D offering; it does not, in the excerpt, announce pricing, proceeds, or structural changes to the notes.

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-275151

SUPPLEMENT dated January 28, 2026

To Prospectus Supplement dated October 27, 2023

(To prospectus dated October 24, 2023)

 

National Rural Utilities
Cooperative Finance Corporation

 

Medium-Term Notes, Series D 

 

This supplement (this “Supplement”) supplements the prospectus supplement, dated October 27, 2023 (the “Prospectus Supplement”), providing for the offer and sale from time to time of National Rural Utilities Cooperative Finance Corporation’s Medium-Term Notes, Series D, through agents. This Supplement should be read in conjunction with the Prospectus Supplement.

 

This Supplement is being filed to reflect the amendment of the Agency Agreement dated October 27, 2023 pursuant to which the offering is being conducted (as amended, the “Agency Agreement”) to revise the list of agents named and reflected in the Prospectus Supplement and the Agency Agreement.

 

Accordingly, the Prospectus Supplement is hereby amended as follows: Each reference to “Scotia Capital (USA) Inc.” is hereby replaced with “BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc. and M&T Securities, Inc.” such that each reference to the term “agent” or “agents” includes RBC Capital Markets, LLC, BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., M&T Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc.

 

 

 

 

RBC CAPITAL MARKETS

BMO CAPITAL MARKETS

FNB AMERICA SECURITIES LLC

HUNTINGTON CAPITAL MARKETS

   J.P. MORGAN

KEYBANC CAPITAL MARKETS

  MIZUHO

   MUFG

  M&T SECURITIES

  PNC CAPITAL MARKETS LLC

   REGIONS SECURITIES LLC

  TRUIST SECURITIES

 US BANCORP