National Rural Utilities (NRUC) prices 3.75% fixed notes due 2029
Rhea-AI Filing Summary
National Rural Utilities Cooperative Finance Corp is offering fixed-rate senior unsecured notes under its InterNotes program. The notes pay a 3.750% coupon with interest paid monthly and are scheduled to mature on February 15, 2029.
The notes are non-callable, include a survivor's option, and are offered at 100% of principal during an offering period from February 2 to February 9, 2026. The minimum denomination is $1,000, with settlement through DTC book-entry only and distribution via several named dealer agents.
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FAQ
What are the key terms of National Rural Utilities (NRUC) 3.75% notes due 2029?
NRUC is offering fixed-rate senior unsecured notes paying 3.750% interest monthly, maturing February 15, 2029. The notes are non-callable, include a survivor's option, are priced at 100% of principal, and are issued in minimum denominations of $1,000 through DTC book-entry.
How often do the NRUC 3.75% notes pay interest and when is the first payment?
The notes pay interest monthly at a 3.750% fixed coupon rate. The first coupon payment date is March 15, 2026, with an initial coupon amount of $3.44, followed by monthly payments through the stated maturity date of February 15, 2029, assuming the notes remain outstanding.
When is the offering period, trade date, and settlement date for NRUC’s 3.75% notes?
The offering period runs from February 2, 2026 through February 9, 2026. The trade date is February 9, 2026 at 12:00 ET, and settlement is scheduled for February 12, 2026, with initial trades settling flat through DTC book-entry only.
How are NRUC’s 3.75% notes distributed and who are the selling agents?
The notes are sold at a specified selling price, with a purchasing agent buying at a discount equal to the gross concession. The purchasing agent may resell to agents and dealers. Named agents include InspereX LLC, Citigroup Global Markets Inc., Wells Fargo Clearing Services, LLC, and RBC Capital Markets, LLC.