National Rural Utilities CFC (NRUC) prices $2.0M 3.72% note due Feb 15, 2027
Rhea-AI Filing Summary
The National Rural Utilities Cooperative Finance Corporation priced a $2,000,000 Medium-Term Note, Series D, at 100% of principal. Trade date was April 10, 2026 with an original issue date of April 15, 2026. The note bears interest at 3.72% per annum and matures on February 15, 2027. Interest payment dates are each January 15 and July 15, with regular record dates on January 1 and July 1. The pricing supplement states there is no redemption date and counsel opines the notes will be valid obligations subject to applicable bankruptcy and equity principles.
Positive
- None.
Negative
- None.
Key Figures
Principal Amount: $2,000,000.00
Interest Rate: 3.72% per annum
Issue Price: 100% of Principal Amount
+5 more
8 metrics
Principal Amount
$2,000,000.00
Principal amount of Series D Medium-Term Note
Interest Rate
3.72% per annum
Coupon on the Series D note
Issue Price
100% of Principal Amount
Pricing supplement states issue price
Trade Date
April 10, 2026
Trade date shown on pricing supplement
Original Issue Date
April 15, 2026
Original issue date of the notes
Maturity Date
February 15, 2027
Maturity of the Series D note
Interest Payment Dates
January 15 and July 15
Semiannual interest payment schedule
Record Dates
January 1 and July 1
Regular record dates for interest payments
Key Terms
Medium-Term Notes, Pricing Supplement, Indenture, Prospectus Supplement, +1 more
5 terms
Medium-Term Notes financial
"Medium-Term Notes, Series D Due Nine Months or More from Date"
Medium-term notes are debt securities issued by companies, banks or governments that promise to pay interest and return principal at a set date a few years out—typically longer than short-term bills but shorter than long-term bonds. For investors they act like staggered IOUs that provide predictable income and help diversify holdings, but they carry credit and interest-rate risk and can affect a portfolio’s cash flow and stability depending on the issuer’s creditworthiness and the note’s term.
Pricing Supplement regulatory
"Pricing Supplement No. | 10551 Pricing Supplement Date | April 10, 2026"
A pricing supplement is a short, final document that gives the exact terms of a new securities offering—such as the price, interest rate, size and settlement date—building on the broader prospectus. Think of it as the day’s receipt that turns a general menu into the specific order; investors use it to see the concrete deal terms that determine value, yield and whether to buy.
Indenture legal
"execution, authentication, issuance and delivery of the notes pursuant to the terms of the indenture"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
Prospectus Supplement regulatory
"Prospectus Supplement Date | October 27, 2023"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Record Dates financial
"Regular Record Dates | Each January 1 and July 1"
A record date is the specific day a company uses as a snapshot to determine which shareholders are officially entitled to a corporate action — for example receiving a dividend, voting at a meeting, or getting rights in an offering. Think of it like a classroom roll call: only the people listed at that moment qualify, so investors must own shares before related cutoff dates to be included, making it important for timing trades and income planning.
Offering Details
medium-term notes
Offering
Offering Type
medium-term notes
Price Range
100% of Principal Amount
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NRUC issue in this pricing supplement?
This pricing supplement covers a $2,000,000 issuance of Medium-Term Notes, Series D. The notes were priced at 100% of principal and are described under the prospectus supplement dated October 27, 2023 and base prospectus dated October 24, 2023.
When are the NRUC note trade, issue, and maturity dates?
The trade date is April 10, 2026, the original issue date is April 15, 2026, and the maturity date is February 15, 2027. These dates are stated on the pricing supplement and define issuance and repayment timing.
What interest rate and payment schedule apply to NRUC's note?
The note bears interest at 3.72% per annum. Interest is payable each January 15 and July 15, with regular record dates on January 1 and July 1, as set forth in the pricing supplement.
Is the NRUC note redeemable before maturity?
The pricing supplement states there is no redemption date for this series of Medium-Term Notes. That indicates no scheduled issuer call option is listed in this supplement for the Series D notes.
What legal opinion is included regarding validity of the NRUC notes?
Hogan Lovells US LLP opines the notes will be valid and binding obligations of the company, subject to bankruptcy, insolvency, receivership laws and equitable principles. The opinion cites the District of Columbia General Cooperative Association Act and New York law.