NRUC (NRUC) prices $500K 4.35% medium-term note due June 15, 2028
Rhea-AI Filing Summary
National Rural Utilities Cooperative Finance Corporation (NRUC) priced a primary offering of Medium-Term Notes. The pricing supplement shows a $500,000 principal amount issued at 100% of principal with an interest rate of 4.35% per annum. The notes have an original issue date of June 17, 2026 and mature on June 15, 2028. Interest is payable each January 15 and July 15 with regular record dates on January 1 and July 1.
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Insights
Small, short-dated note issuance at a fixed 4.35% coupon.
The pricing supplement documents a $500,000 Medium-Term Note sold at par with a 4.35% fixed coupon and a June 15, 2028 maturity. Payment dates are semiannual on January 15 and July 15.
Timing and proceeds treatment are not detailed in the excerpt; subsequent filings or offering documents may state how proceeds will be used or allocated.
Key Figures
Principal Amount: $500,000
Issue Price: 100% of Principal Amount
Interest Rate: 4.35% per annum
+3 more
6 metrics
Principal Amount
$500,000
Principal amount per pricing supplement
Issue Price
100% of Principal Amount
Issue price shown in pricing table
Interest Rate
4.35% per annum
Fixed coupon stated in pricing supplement
Original Issue Date
June 17, 2026
Original issue date in pricing table
Maturity Date
June 15, 2028
Maturity date in pricing table
Interest Payment Dates
Each January 15 and July 15
Payment schedule from pricing supplement
Key Terms
Medium-Term Note, Pricing Supplement, Indenture
3 terms
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.
Pricing Supplement regulatory
"Pricing Supplement No. | 10605 Pricing Supplement Date | June 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.
Offering Details
primary
Offering
Offering Type
primary
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What are the key terms of NRUC's medium-term note?
The note has a $500,000 principal amount issued at 100%, a 4.35% per annum fixed interest rate, original issue date June 17, 2026, and maturity on June 15, 2028. Interest pays each January 15 and July 15.
When does NRUC pay interest on these notes?
Interest on the notes is payable semiannually on January 15 and July 15. Regular record dates for interest are each January 1 and July 1, as stated in the pricing supplement.
What was the issue price and principal amount for NRUC's pricing supplement?
The pricing supplement lists a principal amount of $500,000 issued at an issue price of 100% of principal. The original issue date shown is June 17, 2026.
Does the pricing supplement allow early redemption on these notes?
The excerpt states a Redemption Date: None, indicating no scheduled redemption feature is shown in the provided table. Other redemption provisions, if any, are not included in this excerpt.
What legal opinion is provided for the validity of the notes?
Counsel Hogan Lovells US LLP opines that, subject to specified conditions and usual bankruptcy and equity law exceptions, the notes will constitute valid and binding obligations following receipt of consideration and proper issuance.