NRUC (NRUC) issues $1.75M Series D notes 3.88% due May 15, 2027
Rhea-AI Filing Summary
National Rural Utilities Cooperative Finance Corporation is offering $1,750,000 aggregate principal of Medium-Term Notes, Series D due May 15, 2027. The notes bear interest at 3.88% per annum, were priced at 100% of principal, and have an original issue date of May 15, 2026.
The pricing supplement is dated May 12, 2026 and references a prospectus supplement dated October 27, 2023. The notes list no redemption date and show no agent commission in this excerpt.
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Insights
Short-term note issuance at a fixed 3.88% coupon for one-year tenor.
The Company issued $1,750,000 of Medium-Term Notes, Series D with a maturity on May 15, 2027 and an original issue date of May 15, 2026. The notes were priced at 100% of principal and pay interest on January 15 and July 15.
Cash‑flow treatment and distribution agents are specified as none in this excerpt; the legal opinion cites governing law and customary insolvency and equity qualifications. Subsequent documents would show placement details, purchaser identity, and any use-of-proceeds language.
Key Figures
Principal Amount: $1,750,000
Interest Rate: 3.88% per annum
Issue Price: 100% of Principal Amount
+5 more
8 metrics
Principal Amount
$1,750,000
aggregate principal of Series D notes
Interest Rate
3.88% per annum
fixed coupon on the notes
Issue Price
100% of Principal Amount
pricing stated on pricing supplement
Trade Date / Pricing Date
May 12, 2026
trade and pricing supplement date
Original Issue Date
May 15, 2026
date notes were issued
Maturity Date
May 15, 2027
final maturity of Series D notes
Interest Payment Dates
Jan 15 and Jul 15
semiannual coupon payment schedule
Agents Commission
None
as stated in pricing table
Key Terms
Medium-Term Notes, Pricing Supplement, Indenture, Issue Price, +1 more
5 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. | 10570 Pricing Supplement Date | May 12, 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.
Issue Price financial
"Issue Price | 100% of Principal Amount"
The issue price is the amount of money investors pay to buy a new security, such as a stock or bond, when it is first offered to the public. It matters to investors because it determines their initial cost and potential future gains or losses, similar to paying a set price for a new product before it hits stores. The issue price helps establish the value of the security at the start of its trading life.
Record Dates financial
"Regular Record Dates | Each January 1 and July 1"
A record date is the specific day a company uses as a snapshot to determine which shareholders are officially entitled to a corporate action — for example receiving a dividend, voting at a meeting, or getting rights in an offering. Think of it like a classroom roll call: only the people listed at that moment qualify, so investors must own shares before related cutoff dates to be included, making it important for timing trades and income planning.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What securities did NRUC offer in this 424(b)(3) filing?
This filing offers $1,750,000 aggregate principal of Medium-Term Notes, Series D due May 15, 2027. The notes are fixed-rate obligations at 3.88% per annum.
When were the notes priced and what was the issue price for NRUC?
The notes were priced on May 12, 2026 with an original issue date of May 15, 2026. The issue price reported is 100% of principal amount.
What are the interest payment and record dates for these notes?
Interest payments are scheduled each January 15 and July 15. Regular record dates are each January 1 and July 1 for determining holders entitled to interest.
Is there a redemption provision or agent commission disclosed?
The excerpt lists the Redemption Date as None and reports None for Agents Commission in the pricing table provided.
What governing law and legal opinion are included in the supplement?
Counsel opined that the notes are valid obligations subject to the District of Columbia General Cooperative Association Act of 2010 and New York law, with standard insolvency and equitable limitations.