NRUC prices $150,000 Medium‑Term Note at 4.32%

National Rural Utilities Cooperative Finance Corporation priced a $150,000 Medium-Term Note (Series D) on April 3, 2026 with an original issue date of April 8, 2026, maturing on April 15, 2030.

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation priced a $150,000 Medium-Term Note (Series D) on April 3, 2026 with an original issue date of April 8, 2026, maturing on April 15, 2030. The notes pay interest at 4.32% per annum, with semiannual interest payment dates of January 15 and July 15. The issue price is stated at 100% of principal and no agents' commission or redemption date is listed in the supplement.

Insights

Debt Capital Markets Analyst

Medium-term fixed-rate note priced at par with a 4.32% coupon due 2030.

The transaction is a straightforward medium-term debt issuance for the issuer, reflecting a fixed-coupon financing instrument with semiannual payments and no stated redemption date in the excerpt. The pricing supplement lists $150,000 principal and 100% issue price.

Cash-flow treatment to the issuer is not described beyond the principal amount; timing and use of proceeds are not included in the provided text. Subsequent disclosures or the base prospectus may detail distribution mechanics or investor eligibility.

Key Figures

Principal Amount: $150,000 Issue Price: 100% of Principal Amount Interest Rate: 4.32% per annum +2 more

5 metrics

Principal Amount $150,000 Principal amount of Medium-Term Note, Series D

Issue Price 100% of Principal Amount Pricing Supplement states issue price at par

Interest Rate 4.32% per annum Fixed coupon for the note

Original Issue Date April 8, 2026 Specified original issue date in supplement

Maturity Date April 15, 2030 Stated maturity date for the note

Key Terms

Medium-Term Notes, Pricing Supplement, Indenture, Agents Commission

4 terms

Medium-Term Notes financial

"Medium-Term Notes, Series D Due Nine Months or More from Date of Issue"

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. | 10530 Pricing Supplement Date | April 3, 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 financial

"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.

Agents Commission financial

"Agents Commission | None"

Offering Details

primary

Offering

Offering Type primary

FAQ

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

What did NRUC price in this 424(b)(3) filing?

NRUC priced a $150,000 Medium-Term Note at 100% of principal. The pricing supplement lists an interest rate of 4.32% per annum, original issue date April 8, 2026, and maturity date April 15, 2030.

When does the NRUC note pay interest and mature?

Interest is payable semiannually on January 15 and July 15. The note matures on April 15, 2030. Regular record dates are each January 1 and July 1 as stated in the pricing supplement.

What was the issue price and are there dealer commissions?

The issue price is stated as 100% of principal for the $150,000 note. The supplement explicitly lists Agents Commission: None, indicating no agent commission is disclosed in this excerpt.

Does the supplement disclose redemption or call rights for the notes?

The pricing supplement lists Redemption Date: None in the provided excerpt. No other redemption, call features, or early repayment mechanics are described in the text shown.

What legal opinion is included in the pricing supplement?

Counsel Hogan Lovells US LLP opines the notes will be valid and binding obligations of the Company, subject to bankruptcy and other usual legal limitations. The opinion relies on the District of Columbia General Cooperative Association Act of 2010 and New York law.

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

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Accepted by SEC EDGAR 04/07/2026 - 09:04 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			April 3, 2026
Pricing Supplement No.			10530
Pricing Supplement Date			April 3, 2026
Prospectus Supplement Date			October 27, 2023
Base Prospectus Date			October 24, 2023
Principal Amount			$150,000.00
Issue Price			100% of Principal Amount
Original Issue Date			April 8, 2026
Maturity Date			April 15, 2030
Interest Rate			4.32% 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.