Welcome to our dedicated page for National Rural Utilities Cooperative Finance SEC filings (Ticker: NRUC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The NRUC SEC filings page on Stock Titan provides access to regulatory documents for the National Rural Utilities Cooperative Finance Corporation 5.500% Subordinated Notes due 2064 and their issuer, the National Rural Utilities Cooperative Finance Corporation (CFC). CFC is an SEC registrant in the finance and insurance sector and files periodic and current reports that reference the NRUC subordinated notes alongside other securities.
Key filings include Form 10-K annual reports and Form 10-Q quarterly reports, which CFC files for its fiscal year and interim periods. Company news releases often note the filing dates of these reports with the U.S. Securities and Exchange Commission and link them to scheduled investor conference calls and webcasts. These filings provide detailed information on CFC’s financial condition, results of operations, and capital structure, which are important for analyzing the NRUC subordinated notes.
CFC also files Form 8-K current reports to disclose material events. Recent 8-K filings describe amendments to three-year and four-year revolving credit agreements, including changes to maturity dates, credit spread adjustments in Term SOFR tenors, and commitment amounts. Other 8-Ks report redemptions of certain fixed-to-floating rate subordinated notes and InterNotes®, as well as governance changes such as the election of a president and the resignation of a director. These reports list the 5.500% Subordinated Notes due 2064 among the securities covered, confirming their role in CFC’s financing arrangements.
On Stock Titan, these filings are supplemented by AI-powered summaries that aim to explain the key points of lengthy documents, helping users quickly understand how new agreements, redemptions, or governance changes may relate to CFC’s overall capital structure and, by extension, the NRUC subordinated notes. Real-time updates from EDGAR ensure that new 10-K, 10-Q, and 8-K filings are reflected promptly, while access to historical filings allows users to review the regulatory record over time.
National Rural Utilities Cooperative Finance Corp. (NRUC) announced a debt redemption. The company will redeem an aggregate principal amount of $9,067,000 of its InterNotes on November 15, 2025. The notes will be redeemed at par plus accrued interest.
CFC states the redemption is being effected to reduce interest expense, with the principal and accrued interest to be paid using cash on hand. The action trims outstanding InterNotes and modestly lowers future interest costs without raising new capital or changing existing exchange-listed bonds, which remain outstanding.
National Rural Utilities Cooperative Finance Corp priced $1,523,000 of fixed-rate subordinated notes due 10/15/2055 at a selling price of 100.000%, reflecting a 3.150% gross concession and net proceeds of $1,475,025.50.
The notes pay a 5.750% coupon on a semi-annual schedule, with the first coupon on 04/15/2026 and a first coupon amount of $28.43. They include a survivor’s option and are callable, at the issuer’s option, in whole or in part, on any day on or after 10/15/2030 at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date.
Settlement is expected on 10/17/2025 in DTC book-entry form, minimum denominations/increments of $1,000/$1,000. Agents include InspereX, Citigroup, RBC Capital Markets, and Wells Fargo Clearing Services; U.S. Bank Trust Company, National Association, serves as trustee. Counsel states the notes will constitute valid and binding obligations, and opines they will be treated as indebtedness for U.S. federal income tax purposes, though the IRS is not bound by this opinion.
National Rural Utilities Cooperative Finance Corporation (NRUC) returned to profitability in Q1 FY2026, reporting net income of $4.7 million versus a $(164.3) million loss a year ago as derivative losses narrowed to $32.2 million from $198.3 million. Reported net interest income rose to $71.0 million with net interest yield at 0.75% (up 6 bps), supported by 6% growth in average interest‑earning assets.
On a non-GAAP basis, adjusted net income was $57.2 million (down from $66.1 million) and adjusted TIER was 1.16. Loans to members reached $37.57 billion, up $490 million, with credit quality steady: one nonperforming loan at $24 million and an allowance of $42 million (0.11%). Total debt rose 1% to $35.28 billion; NRUC issued $1.225 billion in unsecured medium‑term notes (including $700 million at 4.15% for three years). Available liquidity was $7.74 billion against next‑12‑month scheduled obligations of $8.77 billion, which include $3.14 billion of member short‑term investments; scheduled long‑term loan principal receipts are expected to add $1.76 billion. S&P withdrew its A‑2 commercial paper rating at NRUC’s request; long‑term ratings remain unchanged, and Fitch affirmed a stable outlook. NRUC notified investors it will redeem $50 million of subordinated deferrable debt on October 23, 2025.
National Rural Utilities Cooperative Finance Corp. (NRUC) filed Pricing Supplement No. 638 for a new InterNotes® offering of senior unsecured notes (CUSIP 63743F3P9). The notes are non-callable, carry a fixed 4.050% coupon paid monthly, and mature on 15 July 2027. Investors purchasing at the 100.000% offering price will receive their first coupon of $2.36 on 15 August 2025. The minimum purchase is $1,000 in $1,000 increments. A survivor’s option is included, allowing early redemption upon the holder’s death. The trade date is set for 21 July 2025 with settlement on 24 July 2025. Distribution will be handled through DTC book entry; InspereX LLC, Citigroup Global Markets Inc., Wells Fargo Clearing Services LLC and RBC Capital Markets LLC act as agents, and U.S. Bank Trust Company, National Association serves as trustee.
The filing discloses a 0.550% selling concession; net proceeds amounts are not specified. The offering is made under the base prospectus dated 24 October 2023 and prospectus supplement dated 27 October 2023.
National Rural Utilities Cooperative Finance Corporation (NRUC) filed a Rule 424(b)(3) pricing supplement for the issuance of Medium-Term Notes, Series D. The specific tranche described is a $2.0 million certificated note priced at 100% of face value with a fixed coupon of 4.30% per annum. The notes will be issued on 15 July 2025 and mature on 15 May 2026; interest is paid semi-annually on 15 January and 15 July, with record dates on the first of those months. There is no call or redemption option prior to maturity and no selling concession or agent commission disclosed for this tranche.
The filing reiterates that Series D notes may be issued in an unlimited aggregate principal amount, signalling an ongoing shelf program that NRUC can draw upon as funding needs arise. Hogan Lovells US LLP provided the customary legal opinion affirming that, once properly executed and delivered, the notes will constitute valid and binding obligations of the company, subject to standard bankruptcy and equitable-principles exceptions under District of Columbia cooperative law and New York law.
Key Terms
- Principal Amount (this tranche): $2,000,000
- Coupon: 4.30%
- Issue Date: 15 Jul 2025
- Maturity Date: 15 May 2026
- Form: Certificated
- Redemption: None
Because the filing covers a relatively small principal amount within a larger open-ended program and contains no operational or earnings information, the immediate financial impact for investors appears limited. Nevertheless, it provides insight into NRUC’s short-term funding strategy and current borrowing costs.