STOCK TITAN

NRUC (NRUC) prices $500K Medium-Term Note, 4.07% fixed, Nov 2027 maturity

(Neutral)
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation is offering Medium-Term Notes, Series D, with a principal amount of $500,000 at an issue price of 100%. The notes bear interest at 4.07% per annum, have an original issue date of May 20, 2026 and mature on November 15, 2027. Regular interest payment dates are each January 15 and July 15, with record dates each January 1 and July 1. The pricing supplement is dated May 15, 2026 and cites the base prospectus dated October 24, 2023 and prospectus supplement dated October 27, 2023. The document states no agents commission and lists no redemption date for these notes.

Positive

  • None.

Negative

  • None.

Insights

Issue is a short-term medium-term note at a fixed 4.07%.

The pricing supplement shows a $500,000 tranche issued at 100% with a May 20, 2026 original issue date and a November 15, 2027 maturity. Interest is fixed at 4.07% with semiannual payments on January 15 and July 15.

Cash-flow treatment is direct to the issuer as a primary note issuance; the excerpt specifies no agents commission and does not list a redemption option. Further detail on distribution or underwriters is not provided in the excerpt.

Principal Amount $500,000 Series D medium-term notes; principal amount stated on pricing supplement
Issue Price 100% of Principal Amount Pricing Supplement No. 10579; trade date <date>May 15, 2026</date>
Interest Rate 4.07% per annum Fixed interest rate for Series D notes
Original Issue Date May 20, 2026 Original issue date shown on the pricing supplement
Maturity Date November 15, 2027 Maturity specified for Series D notes
Interest Payment Dates January 15 and July 15 Semiannual interest payment schedule
Agents Commission None Pricing supplement states no agents commission
Pricing Supplement regulatory
"Pricing Supplement No. 10579 Pricing Supplement Date May 15, 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
"execution, authentication, 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.
Medium-Term Note financial
"Medium-Term Notes, Series D Due Nine Months or More from Date of Issue"
A medium-term note is a debt instrument—an IOU—issued by a company or government to borrow money for a period longer than a short loan but shorter than a long-term bond, typically about one to ten years. It matters to investors because it offers predictable interest income with a balance between higher yields than short-term paper and lower interest-rate sensitivity than long bonds, so it’s often used to tune income, risk and timing in a portfolio.
Agents Commission financial
"Agents Commission | None"
Offering Type medium-term notes (primary issuance)

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

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FAQ

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

The notes have a $500,000 principal, issue price 100%, fixed interest 4.07% per annum, original issue date May 20, 2026 and maturity November 15, 2027. Interest pays each January 15 and July 15.

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

Regular record dates are each January 1 and July 1. Interest payment dates are each January 15 and July 15. These dates are stated in the pricing supplement.

Does the pricing supplement list a redemption feature or agent commission?

The excerpt lists no redemption date and states Agents Commission: None. The pricing supplement therefore does not disclose a redemption option or agent fee for this tranche.

Which prospectus documents govern the Series D notes?

The pricing supplement references the base prospectus dated October 24, 2023 and the prospectus supplement dated October 27, 2023, which provide governing terms for the medium-term note program.


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 DateMay 15, 2026
Pricing Supplement No. 10579
Pricing Supplement DateMay 15, 2026
Prospectus Supplement DateOctober 27, 2023
Base Prospectus DateOctober 24, 2023
Principal Amount$500,000.00
Issue Price100% of Principal Amount
Original Issue DateMay 20, 2026
Maturity DateNovember 15, 2027
Interest Rate4.07% per annum
Regular Record DatesEach January 1 and July 1
Interest Payment DatesEach January 15 and July 15
Redemption DateNone
Agents Commission None
Form of Note: (Book-Entry or Certificated)
Certificated
Other TermsNone
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.