NRUC issues $125K Medium‑Term Note at 3.88%

The National Rural Utilities Cooperative Finance Corporation is offering $125,000.00 in Medium-Term Notes, Series D, under a pricing supplement dated May 12, 2026.

Rhea-AI Filing Summary

The National Rural Utilities Cooperative Finance Corporation is offering $125,000.00 in Medium-Term Notes, Series D, under a pricing supplement dated May 12, 2026. The notes will be issued at 100% of principal on May 15, 2026, bear interest at 3.88% per annum, and mature on May 15, 2027. Interest is payable each January 15 and July 15, with record dates each January 1 and July 1. The pricing supplement states there is no agents commission and no contractual redemption date.

Insights

Debt Capital Markets Analyst

Short one‑year note issuance at a fixed 3.88%.

The pricing supplement documents a $125,000.00 issuance of medium‑term notes priced at 100% of principal, with an original issue date of May 15, 2026 and maturity on May 15, 2027

Key structural items include semiannual interest payments on January 15 and July 15, record dates on January 1 and July 1, no agents commission, and no contractual redemption date. The legal opinion cites governing law and standard bankruptcy and equity limitations.

Key Figures

Principal Amount: $125,000.00 Issue Price: 100% of Principal Amount Interest Rate: 3.88% per annum +4 more

7 metrics

Principal Amount $125,000.00 Principal amount of Medium-Term Notes, Series D

Issue Price 100% of Principal Amount Pricing supplement states issue price

Interest Rate 3.88% per annum Fixed interest rate for the notes

Original Issue Date May 15, 2026 Date notes will be issued

Maturity Date May 15, 2027 Maturity of the Series D notes

Interest Payment Dates January 15 and July 15 Semiannual interest payment schedule

Agents Commission None Pricing supplement discloses no agent commission

Key Terms

Pricing Supplement, Indenture, Regular Record Dates, Agents Commission

4 terms

Pricing Supplement regulatory

"Pricing Supplement Date | May 12, 2026 Pricing Supplement No."

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.

Regular Record Dates financial

"Regular Record Dates | Each January 1 and July 1"

Agents Commission market

"Agents Commission | None"

Offering Details

medium-term notes (primary)

Offering

Offering Type medium-term notes (primary)

FAQ

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

What are the key terms of NRUC's Medium-Term Notes Series D?

The Series D notes total $125,000.00, issued at 100% of principal, with an interest rate of 3.88% per annum, issued May 15, 2026 and maturing May 15, 2027.

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

Interest is payable each January 15 and July 15. Regular record dates for interest are January 1 and July 1, as stated in the pricing supplement.

Is there a redemption feature or agent commission for these notes?

The pricing supplement specifies a redemption date: None and an agents commission: None, indicating no stated contractual redemption and no agent fee disclosed.

What legal limitations affect the enforceability of the notes?

Counsel's opinion notes enforcement is subject to bankruptcy, insolvency and similar laws, and to judicial discretion and equitable principles under the cited governing laws.

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

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Accepted by SEC EDGAR 05/14/2026 - 11:44 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			May 12, 2026
Pricing Supplement No.			10562
Pricing Supplement Date			May 12, 2026
Prospectus Supplement Date			October 27, 2023
Base Prospectus Date			October 24, 2023
Principal Amount			$125,000.00
Issue Price			100% of Principal Amount
Original Issue Date			May 15, 2026
Maturity Date			May 15, 2027
Interest Rate			3.88% 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.