CFC to Redeem $600M 4.45% Notes Due 2026

National Rural Utilities Cooperative Finance Corporation plans to redeem all $600 million of its 4.45% Medium-Term Notes due 2026 on March 6, 2026.

Rhea-AI Filing Summary

National Rural Utilities Cooperative Finance Corporation plans to redeem all $600 million of its 4.45% Medium-Term Notes due 2026 on March 6, 2026. The notes will be redeemed at par plus accrued interest, and the company intends to fund principal and interest payments with cash on hand.

The redemption is being carried out to reduce interest expense, indicating a proactive approach to managing borrowing costs and balance sheet structure.

Positive

• Debt reduction and interest savings: CFC will redeem $600 million of 4.45% Medium-Term Notes due 2026 at par plus accrued interest, using cash on hand. The transaction is explicitly intended to reduce interest expense, which can improve ongoing financing costs.

Negative

• None.

Insights

Credit and capital structure analyst

CFC retires $600M notes to cut interest costs using cash on hand.

National Rural Utilities Cooperative Finance Corporation plans to redeem $600 million of 4.45% Medium-Term Notes due 2026 on March 6, 2026. The notes will be taken out at par plus accrued interest, which is typical for such redemptions.

The company states the redemption is being effected to reduce interest expense, implying a shift away from this 4.45% funding source. Using cash on hand to pay principal and interest suggests available liquidity to support the transaction without mentioning new borrowing.

Retiring this debt could lower ongoing interest costs and slightly de-risk the balance sheet, though the overall impact depends on the size of CFC’s total debt portfolio and future financing choices, which are not detailed in the excerpt.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did National Rural Utilities Cooperative Finance Corporation (NRUC) announce in this 8-K?

NRUC announced it will redeem all $600 million of its 4.45% Medium-Term Notes due 2026. The redemption will occur on March 6, 2026, at par plus accrued interest, funded with cash on hand to reduce interest expense going forward.

How much debt is NRUC redeeming and what are the terms of the redemption?

NRUC is redeeming $600 million of 4.45% Medium-Term Notes due 2026. The notes will be redeemed at par plus accrued interest, meaning holders receive the full principal amount and any interest earned up to the March 6, 2026 redemption date.

When will NRUC redeem its 4.45% Medium-Term Notes due 2026?

NRUC plans to redeem its 4.45% Medium-Term Notes due 2026 on March 6, 2026. Investors were notified of this decision on February 6, 2026, providing advance notice before the scheduled redemption date and repayment of principal and accrued interest.

Why is NRUC redeeming the $600 million 4.45% Medium-Term Notes due 2026?

NRUC states the redemption is being effected to reduce interest expense. By retiring $600 million of 4.45% notes, the company aims to lower ongoing borrowing costs and adjust its capital structure in line with its broader financial strategies.

How will NRUC fund the redemption of its 4.45% Medium-Term Notes due 2026?

NRUC plans to pay the principal and accrued interest on the redeemed notes using cash on hand. This indicates the company has sufficient internal liquidity available to complete the $600 million redemption without referencing new external financing in the disclosure.

What is the CUSIP for NRUC’s 4.45% Medium-Term Notes being redeemed?

The 4.45% Medium-Term Notes due 2026 being redeemed by NRUC are identified by CUSIP number 63743HFH0. This identifier helps investors and market participants confirm they are referencing the specific notes subject to redemption on March 6, 2026.

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

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Accepted by SEC EDGAR 02/10/2026 - 05:10 PM Learn about SEC filing dates

0000070502FALSE00000705022026-02-062026-02-060000070502nru:A735CollateralTrustBondsDue2026Member2026-02-062026-02-060000070502nru:A550SubordinatedNotesDue2064Member2026-02-062026-02-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________

FORM 8-K

__________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 6, 2026

__________________________

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

(Exact name of registrant as specified in its charter)

District of Columbia			1-7102			52-0891669
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

20701 Cooperative Way,			Dulles,			VA			20166-6691
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code:  (703) 467-1800

(Former name or former address, if changed since last report)

__________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
7.35% Collateral Trust Bonds, due 2026			NRUC 26			New York Stock Exchange
5.50% Subordinated Notes, due 2064			NRUC			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01     Other Events.

On February 6, 2026, notice was provided to investors that National Rural Utilities Cooperative Finance Corporation (“CFC”) will redeem all $600 million of its 4.45% Medium-Term Notes due 2026 (the “Notes”) on March 6, 2026. The Notes are identified by CUSIP number 63743HFH0. The Notes will be redeemed at par plus accrued interest. The redemption is being effected to reduce interest expense. The principal and accrued interest at the redemption date will be paid with cash on hand.

Certain comments made in this Form 8-K are forward-looking. Such statements are based on certain assumptions regarding future business and financial performance, describe our future plans, strategies and expectations are generally identified by our use of words such as “intend,” “plan,” “may,” “should,” “will,” “expects” and similar expressions. Although we believe that the expectations reflected in such statements are based on reasonable assumptions, actual results and performance could materially differ. Information regarding the factors which could cause actual results to materially differ is included in our annual and quarterly reports previously filed with the SEC. Except as required by law, we undertake no obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date on which the statement is made.

Item 9.01 Financial Statements and Exhibits.

(d)     The following exhibit is filed as part of this report:

Exhibit No.						Description
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NATIONAL RURAL UTILITIES			COOPERATIVE
FINANCE CORPORATION

By:			/s/ YU LING WANG
			Yu Ling Wang
			Senior Vice President and Chief Financial Officer

Dated:  February 10, 2026

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 8.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 29.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 18.5 KB