STOCK TITAN

NRUC (NRUC) corrects issue and maturity dates for $2.0M note due Feb 15, 2027

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

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation amended Pricing Supplement No. 10471 to correct an error in the Original Issue Date and Maturity Date for a Medium-Term Note offering. The Pricing Supplement lists a $2,000,000.00 principal amount at 100% issue price, Original Issue Date February 15, 2026, Maturity Date February 15, 2027, and an interest rate of 3.60% per annum. The supplement restates the prior Pricing Supplement dated February 11, 2026 and references the prospectus supplement dated October 27, 2023.

Positive

  • None.

Negative

  • None.

Insights

Amendment corrects issuance dates; legal opinion affirms note validity under specified law.

The supplement expressly amends and restates Pricing Supplement No. 10471 to correct the Original Issue Date and Maturity Date. Counsel's opinion states the notes will be valid and binding obligations subject to specified insolvency and equitable principles.

Key dependencies include receipt of consideration and proper execution under the indenture. Timing and payment mechanics are governed by the indenture and distribution agreement; subsequent filings may disclose additional issuance mechanics.

Deal is a short-term medium-term note: $2,000,000.00 at 3.60%, one-year maturity.

The pricing terms show an $2,000,000.00 principal amount, issue price at 100%, interest paid semiannually on January 15 and July 15, and regular record dates of January 1 and July 1. Redemption dates are listed as None.

Execution depends on receipt of proceeds and note authentication; the supplement corrects dates and does not alter stated economics in the excerpt provided.



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

This Pricing Supplement amends and restates in full Pricing Supplement No. 10471 dated February 11, 2026 to correct an error in the Original Issue Date and Maturity Date.
Trade DateFebruary 11, 2026
Pricing Supplement No. 10471
Pricing Supplement DateFebruary 11, 2026
Prospectus Supplement DateOctober 27, 2023
Base Prospectus DateOctober 24, 2023
Principal Amount$2,000,000.00
Issue Price100% of Principal Amount
Original Issue DateFebruary 15, 2026
Maturity DateFebruary 15, 2027
Interest Rate3.60% per annum
Regular Record DatesEach January 1 and July 1
Interest Payment DatesEach January 15 and July 15
Redemption DatesNone
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.

FAQ

What does Pricing Supplement No. 10471 for NRUC correct?

It amends and restates Pricing Supplement No. 10471 to correct the Original Issue Date and Maturity Date. The supplement replaces the prior text and confirms the corrected dates: February 15, 2026 (Original Issue Date) and February 15, 2027 (Maturity Date).

What are the principal terms of the NRUC medium-term note in the supplement?

The supplement lists a principal amount of $2,000,000.00 at an issue price of 100%, an interest rate of 3.60% per annum, and semiannual interest payments on January 15 and July 15 with regular record dates of January 1 and July 1.

When does the NRUC note mature and when was it originally issued?

The corrected Original Issue Date is February 15, 2026 and the corrected Maturity Date is February 15, 2027. Those dates are restated in the Pricing Supplement that amends the prior Pricing Supplement dated February 11, 2026.

Does the supplement change redemption rights or commissions for the NRUC note?

No change is shown in the excerpt: Redemption Dates are listed as None and Agents Commission is listed as None. The Pricing Supplement therefore shows no scheduled redemption option or agent commission in this excerpt.

What legal opinion accompanies the NRUC Pricing Supplement amendment?

Hogan Lovells US LLP opines that, upon receipt of consideration and proper execution and delivery under the indenture and distribution agreement, the notes will be valid and binding obligations, subject to bankruptcy, insolvency and equitable principles and specified governing law.
National Rural Utilities Cooperative Finance Corp

NYSE:NRUC

View NRUC Stock Overview

NRUC Rankings

NRUC Latest News

NRUC Latest SEC Filings

NRUC Stock Data

10.00M
International Trade Financing
Miscellaneous Business Credit Institution
Link
US
DULLES