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  4. [424B3] NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ Prospectus Filed Pursuant to Rule 424(b)(3)

NRUC (NRUC) prices $20M notes due Dec 15, 2027 at 4.21%

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation priced a primary issuance of $20,000,000 Medium‑Term Notes, Series D at an original issue price of 100%. The notes carry a 4.21% per annum interest rate, were issued on June 12, 2026, and mature on December 15, 2027.

The pricing supplement lists interest payment dates of January 15 and July 15 and regular record dates of January 1 and July 1. The supplement states there is no redemption date and shows no agents commission.

Positive

  • None.

Negative

  • None.

Insights

Short‑term note issuance priced at a fixed yield for working capital or liquidity.

The excerpt shows a primary offering of $20,000,000 in Medium‑Term Notes, Series D, issued on June 12, 2026 with a fixed interest rate of 4.21% and maturity on December 15, 2027. The pricing supplement records interest payment and regular record dates and states there is no redemption date.

Legal opinion language confirms the notes will be valid obligations subject to bankruptcy and other standard legal limitations. Cash‑flow treatment and specific use of proceeds are not stated in the provided excerpt; subsequent filings or the prospectus supplement may provide that detail.

Principal Amount $20,000,000 Principal Amount shown in pricing supplement
Issue Price 100% of Principal Amount Pricing Supplement Price
Original Issue Date June 12, 2026 Original Issue Date in pricing table
Maturity Date December 15, 2027 Maturity Date for Series D notes
Interest Rate 4.21% per annum Stated fixed interest rate
Interest Payment Dates January 15 and July 15 Periodic interest payment schedule
Redemption Date None Pricing supplement states no redemption date
Pricing Supplement financial
"Pricing Supplement Date | June 9, 2026 Prospectus Supplement Date | October 27, 2023"
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.
Original Issue Date financial
"Original Issue Date | June 12, 2026"
Offering Type primary

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

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FAQ

What did NRUC (NRUC) issue?
NRUC issued $20,000,000 of Medium‑Term Notes, Series D. The notes were originally issued on June 12, 2026 and are priced at 100% of principal, per the pricing supplement.

What is the interest rate and payment schedule for the notes?
The notes carry a fixed interest rate of 4.21% per annum. Interest payment dates are each January 15 and July 15, with regular record dates on January 1 and July 1.

When do the notes mature and is there a redemption date?
The notes mature on December 15, 2027. The pricing supplement explicitly lists no redemption date for the Series D notes in the provided excerpt.

What price were the notes sold at and what was the principal amount?
The pricing supplement shows an original issue price of 100% of principal for an aggregate principal amount of $20,000,000. The document states the issue price as a percentage, not a per‑note dollar price.

Does the excerpt state how proceeds will be used?
The provided excerpt does not state a use of proceeds. The pricing supplement lists offering mechanics and legal opinions; use‑of‑proceeds detail is not included in the excerpt.


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 DateJune 9, 2026
Pricing Supplement No. 10586
Pricing Supplement DateJune 9, 2026
Prospectus Supplement DateOctober 27, 2023
Base Prospectus DateOctober 24, 2023
Principal Amount$20,000,000.00
Issue Price100% of Principal Amount
Original Issue DateJune 12, 2026
Maturity DateDecember 15, 2027
Interest Rate4.21% 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.

Source: View Original Filing on SEC EDGAR