National Rural Utilities (NRUC) prices $100,000 note maturing Apr 15, 2027

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation priced a $100,000.00 Medium‑Term Note offering at 100% of principal with an interest rate of 3.84% per annum. The notes have an original issue date of June 15, 2026 and a maturity date of April 15, 2027, with semiannual interest payments each January 15 and July 15.

The pricing supplement is dated June 10, 2026 and the legal opinion states the notes will be valid obligations subject to customary bankruptcy and equity-law exceptions.

Insights

Debt Capital Markets

Short, fixed-rate note issued for a defined nine‑month term.

The transaction lists a $100,000.00 principal amount issued at 100% with a 3.84% annual coupon and maturity on April 15, 2027. The instrument is a conventional medium‑term note with semiannual payments on January 15 and July 15.

Cash‑flow treatment and purchasers/underwriters are not stated in the excerpt; subsequent disclosures may identify distribution parties and investor demand.

Corporate Counsel

Opinion confirms enforceability subject to standard legal exceptions.

Counsel Hogan Lovells US LLP opines the notes will be valid obligations upon receipt of consideration and proper issuance, subject to bankruptcy, insolvency and equitable principles. The opinion cites the District of Columbia General Cooperative Association Act of 2010 and New York law.

Investors should note customary enforceability qualifiers are preserved verbatim in the pricing supplement.

Key Figures

Principal Amount: $100,000.00 Issue Price: 100% of Principal Amount Interest Rate: 3.84% per annum +3 more

6 metrics

Principal Amount $100,000.00 listed in pricing supplement

Issue Price 100% of Principal Amount pricing supplement

Interest Rate 3.84% per annum stated coupon

Original Issue Date June 15, 2026 pricing supplement

Maturity Date April 15, 2027 stated maturity

Interest Payment Dates January 15 and July 15 semiannual payments

Key Terms

Pricing Supplement, Indenture, Medium‑Term Notes, District of Columbia General Cooperative Association Act of 2010

4 terms

Pricing Supplement regulatory

"Pricing Supplement Date | June 10, 2026 Prospectus Supplement Date"

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 Notes financial

"Medium‑Term Notes, Series D Due Nine Months or More from Date of Issue"

District of Columbia General Cooperative Association Act of 2010 regulatory

"based as to matters of law solely on applicable provisions of the District of Columbia General Cooperative Association Act of 2010"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 06/12/2026 - 02:03 PM Accepted by SEC EDGAR 06/12/2026 - 02:02 PM Learn about SEC filing dates

FAQ

What are the key terms of NRUC's Medium‑Term Note?

The note has a principal amount of $100,000.00, issued at 100% with a 3.84% per annum interest rate. The original issue date is June 15, 2026 and maturity is April 15, 2027.

When does NRUC pay interest on the note?

Interest is paid semiannually on January 15 and July 15, with regular record dates of January 1 and July 1. The coupon is 3.84% per annum.

What price was the note sold at and when was it priced?

The pricing supplement shows an issue price of 100% of principal and a trade date of June 10, 2026, with the original issue date listed as June 15, 2026.

Does the legal opinion limit enforceability of the notes?

Yes. Counsel’s opinion states the notes will be valid obligations but subject to bankruptcy, insolvency and equitable principles and cites the District of Columbia General Cooperative Association Act of 2010 and New York law.

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 Date			June 10, 2026
Pricing Supplement No.			10593
Pricing Supplement Date			June 10, 2026
Prospectus Supplement Date			October 27, 2023
Base Prospectus Date			October 24, 2023
Principal Amount			$100,000.00
Issue Price			100% of Principal Amount
Original Issue Date			June 15, 2026
Maturity Date			April 15, 2027
Interest Rate			3.84% per annum
Regular Record Dates			Each January 1 and July 1
Interest Payment Dates			Each January 15 and July 15
Redemption Date			None
Agents Commission			None
Form of Note: (Book-Entry or Certificated)			Certificated
Other Terms			None
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.