NRUC (NRUC) offers $1,000,000 Medium-Term Note due 2028 (4.00%)
Rhea-AI Filing Summary
National Rural Utilities Cooperative Finance Corporation is offering $1,000,000.00 of Medium-Term Notes, Series D, with an original issue date of April 1, 2026 and a maturity date of April 15, 2028. The notes pay interest at 4.00% per annum, priced at 100% of principal. Interest is payable each January 15 and July 15 with regular record dates of January 1 and July 1. The pricing supplement is dated March 27, 2026 and the prospectus supplement is dated October 27, 2023.
Positive
- None.
Negative
- None.
Key Figures
Principal Amount: $1,000,000.00
Interest Rate: 4.00% per annum
Issue Price: 100% of Principal Amount
+3 more
6 metrics
Principal Amount
$1,000,000.00
Principal Amount of Series D Medium-Term Notes
Interest Rate
4.00% per annum
Stated coupon for the Series D notes
Issue Price
100% of Principal Amount
Pricing Supplement No. 10526
Trade Date / Pricing Supplement Date
March 27, 2026
Trade Date and Pricing Supplement Date
Original Issue Date
April 1, 2026
Original issue date for the notes
Maturity Date
April 15, 2028
Maturity of Series D notes
Key Terms
Medium-Term Notes, Pricing Supplement, Indenture, Agents Commission, +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. | 10526 Pricing Supplement Date | March 27, 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
"due 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.
Agents Commission financial
"Agents Commission | None"
Original Issue Date financial
"Original Issue Date | April 1, 2026"
Offering Details
primary
Offering
Offering Type
primary
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What are the terms of NRUC's Medium-Term Notes offering?
The offering is for $1,000,000.00 of Medium-Term Notes at 100% of principal. The notes carry a 4.00% per annum interest rate, mature on April 15, 2028, and were originally issued on April 1, 2026.
When does NRUC pay interest on the Series D Medium-Term Notes?
Interest is paid semiannually on January 15 and July 15. Regular record dates for interest are January 1 and July 1, establishing holders entitled to receive each interest payment.
What pricing and commission terms are disclosed for NRUC's notes?
The notes were priced at 100% of principal (issue price). The pricing supplement lists no agents commission, and the pricing supplement date is March 27, 2026.
Is there a redemption option for NRUC's Series D notes?
The pricing supplement states the Redemption Date: None, indicating no scheduled early redemption feature is provided in this supplement for the Series D notes.
Which documents and dates support the legal opinion on the notes' validity?
Counsel's opinion refers to receipt of consideration and proper execution under the indenture. Key dates in the supplement include the pricing supplement date March 27, 2026 and the prospectus supplement date October 27, 2023.