National Rural Utilities (NRUC) prices $500K note maturing Dec 15, 2027
Rhea-AI Filing Summary
National Rural Utilities Cooperative Finance Corporation priced a primary offering of Medium-Term Notes with a principal amount of $500,000. The notes carry an interest rate of 4.16% per annum, were traded on May 28, 2026 with an original issue date of June 2, 2026, and mature on December 15, 2027. The issue price was 100% of principal amount and interest is payable each January 15 and July 15, with record dates each January 1 and July 1.
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Key Figures
Principal Amount: $500,000
Interest Rate: 4.16% per annum
Issue Price: 100% of Principal Amount
+3 more
6 metrics
Principal Amount
$500,000
listed in pricing table
Interest Rate
4.16% per annum
coupon for the notes
Issue Price
100% of Principal Amount
pricing table
Trade Date
May 28, 2026
trade date shown in pricing supplement
Original Issue Date
June 2, 2026
original issue date shown in table
Maturity Date
December 15, 2027
maturity date for the notes
Key Terms
Medium-Term Notes, Pricing Supplement, Indenture, Prospectus Supplement
4 terms
Medium-Term Notes financial
"Medium-Term Notes, Series D Due Nine Months or More"
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. | 10582 Pricing Supplement Date | May 28, 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
"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 Base Prospectus Date | October 24, 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.
Offering Details
primary
Offering
Offering Type
primary
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NRUC price in this 424(b)(3) filing?
NRUC priced a $500,000 Medium-Term Note at an issue price of 100%. The pricing supplement lists a 4.16% per annum interest rate, trade date May 28, 2026, and original issue date June 2, 2026.
When does the NRUC note mature and how often is interest paid?
The Medium-Term Note matures on December 15, 2027, and pays interest semiannually. Interest payment dates are January 15 and July 15, with record dates each January 1 and July 1.
What is the coupon and issue price for NRUC's June 2026 note?
The note carries a coupon of 4.16% per annum and was issued at 100% of principal. The prospectus and pricing supplement specify these terms in the offering tables.
Does the pricing supplement list any redemption or agent commissions?
The pricing supplement states there is no redemption date and lists no agents commission. The table shows Redemption Date: None and Agents Commission: None.
What legal opinion is included in the pricing supplement?
Counsel Hogan Lovells US LLP opines the notes will be valid and binding obligations subject to applicable bankruptcy and equity principles. The opinion cites the District of Columbia General Cooperative Association Act of 2010 and New York law.