NRUC prices $250K Series D notes at 3.68%

National Rural Utilities Cooperative Finance Corporation priced Medium-Term Notes, Series D for a $250,000 principal amount at 100% of principal.

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation priced Medium-Term Notes, Series D for a $250,000 principal amount at 100% of principal. The notes carry an interest rate of 3.68% per annum, have an original issue date of March 12, 2026, and mature on August 15, 2027. Trade and pricing supplement dates are March 9, 2026, and interest payments are scheduled each January 15 and July 15 with record dates each January 1 and July 1.

The pricing supplement includes a legal opinion from Hogan Lovells US LLP stating the notes will be valid and binding obligations upon receipt of payment and issuance, subject to standard insolvency and equitable-law exceptions.

Insights

Fixed Income Analyst

Short-term senior notes priced at 3.68% with standard legal comfort.

The offering lists a $250,000 principal amount of Medium-Term Notes, Series D, issued at 100% and maturing on August 15, 2027. The coupon is 3.68% with semiannual interest payments on January 15 and July 15.

Legal counsel provides a conventional opinion from Hogan Lovells US LLP that the notes will be valid and binding upon receipt of payment and issuance, subject to bankruptcy and equitable-law qualifications; this is routine for debt placements.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NRUC (NRUC) price in this supplement?

NRUC priced Medium-Term Notes, Series D with a principal amount of $250,000 at 100% of principal; the coupon is 3.68% per annum and maturity is August 15, 2027.

When are interest payments and record dates for NRUC's Series D notes?

Interest payments occur each January 15 and July 15, with regular record dates of January 1 and July 1. These dates determine which holders receive interest on the scheduled payment dates.

What was the original issue and trade date for NRUC's notes?

The pricing supplement shows a trade date of March 9, 2026 and an original issue date of March 12, 2026, reflecting the timing between pricing and settlement for the notes.

Does the filing include a legal opinion on the notes' validity?

Yes. Hogan Lovells US LLP opines the notes will be valid and binding obligations upon receipt of payment and issuance, subject to bankruptcy, insolvency, reorganization and equitable-law exceptions.

Are there agent commissions or a redemption date for these notes?

The supplement states Agents Commission: None and specifies Redemption Date: None, indicating no agent fee was disclosed and no stated redemption date is provided in the excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/10/2026 - 11:54 AM Learn about SEC filing dates

Rule 424 (b) (3)

Registration No.: 333-275151

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

Medium-Term Notes, Series D

Due Nine Months or More from Date of Issue

Trade Date			March 9, 2026
Pricing Supplement No.			10487
Pricing Supplement Date			March 9, 2026
Prospectus Supplement Date			October 27, 2023
Base Prospectus Date			October 24, 2023
Principal Amount			$250,000.00
Issue Price			100% of Principal Amount
Original Issue Date			March 12, 2026
Maturity Date			August 15, 2027
Interest Rate			3.68% per annum
Regular Record Dates			Each January 1 and July 1
Interest Payment Dates			Each January 15 and July 15
Redemption Date			None
Agents Commission			None
Form of Note: (Book-Entry or Certificated)			Certificated
Other Terms			None
Medium-Term Notes, Series D may be issued by the Company in an unlimited aggregate principal amount.

Validity of the Medium-Term Note

In the opinion of Hogan Lovells US LLP, as counsel to the Company, following (i) receipt by the Company of the consideration for the notes specified in applicable resolutions of the board of directors of the Company and (ii) the due execution, authentication, issuance and delivery of the notes pursuant to the terms of the indenture and the applicable underwriting, agency or distribution agreement against payment therefor, the notes offered by this pricing supplement will constitute valid and binding obligations of the Company, subject to the effect of (a) bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting creditors’ rights and remedies (including, without limitation, the effect of statutory and other law regarding fraudulent conveyances and fraudulent, preferential or voidable transfers), and (b) the exercise of judicial discretion and the application of principles of equity, good faith, fair dealing, reasonableness, conscionability and materiality (regardless of whether the applicable agreements are considered in a proceeding in equity or at law), including, without limitation, principles limiting the availability of specific performance and injunctive relief.

This opinion is based as to matters of law solely on applicable provisions of the following, as currently in effect: (i) the District of Columbia General Cooperative Association Act of 2010 and (ii) the laws of the State of New York (but not including any laws, statutes, ordinances, administrative decisions, rules or regulations of any political subdivision below the state level). In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the indenture and its authentication of the notes and the validity, binding nature and enforceability of the indenture with respect to the trustee, all as stated in the letter of such counsel dated October 27, 2023, which has been filed as an exhibit to a Current Report on Form 8-K by the Company on October 27, 2023.