National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, with a principal amount of $1,500,000.00. The note is issued at 100% of principal, will be dated July 15, 2026, and will mature on October 15, 2027.
The note bears interest at 4.16% per annum, with interest paid on January 15 and July 15 to holders of record on January 1 and July 1. There is no redemption date and no agents’ commission is payable. Legal counsel Hogan Lovells US LLP opines that, after proper authorization, execution and delivery under the indenture, the note will be a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles qualifications.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, with a principal amount of $250,000. The note is priced at 100% of principal, carries a 3.98% annual interest rate, and will be issued on July 15, 2026, maturing on May 15, 2027. Interest is payable on January 15 and July 15, to holders of record on January 1 and July 1. The note is not subject to redemption, and no selling commission to agents is listed. Counsel Hogan Lovells US LLP states that, after proper authorization, execution and delivery under the applicable indenture, the note will constitute a valid and binding obligation of the company, subject to standard bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a $750,000 Medium-Term Note, Series D, under an existing shelf program. The note will be issued at 100% of principal amount with no agent’s commission, bearing interest at 4.38% per annum.
The note will be issued on July 15, 2026 and will mature on July 15, 2028, with interest payable each January 15 and July 15 to holders of record each January 1 and July 1. The note is not subject to redemption. Counsel states that, upon proper issuance and payment, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing Medium-Term Notes, Series D under an existing shelf program. This tranche has a principal amount of $200,000.00, an issue price of 100% of principal, and bears interest at 3.98% per annum. The notes will be issued on July 15, 2026 and mature on May 15, 2027, with interest paid on January 15 and July 15 to holders of record on January 1 and July 1. There is no redemption date and no agents’ commission disclosed for this issuance. Counsel Hogan Lovells US LLP opines that, after proper authorization, execution and delivery, the notes will constitute valid and binding obligations of the company, subject to standard bankruptcy and creditors’ rights limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a $100,000 Medium-Term Note, Series D, under its existing shelf program. The note is issued at 100% of principal, carries a fixed interest rate of 4.12% per annum, and will mature on July 15, 2027. Interest is payable semiannually on each January 15 and July 15, to holders of record on each January 1 and July 1, beginning after the original issue date of July 15, 2026. The note has no redemption provisions before maturity and is being issued with no agent’s commission. Counsel Hogan Lovells US LLP states that, upon proper authorization, execution and delivery in accordance with the indenture and applicable agreements, and upon receipt of consideration, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy, insolvency and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing $5,000,000 principal amount of Medium-Term Notes, Series D, due July 15, 2027. The notes bear interest at 4.12% per annum, are issued at 100% of principal amount, and have no redemption prior to maturity. Interest is paid semiannually on January 15 and July 15, to holders of record on January 1 and July 1. No agents’ commission is payable on this issuance. Legal counsel states that, after proper authorization, execution and delivery, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and equitable principles under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, under its existing shelf program. The note has a principal amount of $200,000, an issue price of 100% of principal, an original issue date of July 15, 2026 and a maturity date of May 15, 2027. It bears interest at 3.98% per annum, with interest payable on each January 15 and July 15 to holders of record on each January 1 and July 1. The note has no redemption provisions prior to maturity and no selling agents’ commission is indicated. Counsel Hogan Lovells US LLP states that, after proper authorization, execution and delivery, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, under its shelf registration. The note has a principal amount of $1,000,000, an interest rate of 4.12% per annum, and is priced at 100% of principal.
The note will be issued on July 15, 2026 and will mature on July 15, 2027. Interest is payable semiannually on January 15 and July 15, to holders of record on January 1 and July 1. There is no redemption right prior to maturity and no agent’s commission on this issuance.
Counsel Hogan Lovells US LLP states that, after receipt of consideration and proper execution under the indenture and related agreements, the note will constitute a valid and binding obligation of the company, subject to customary limitations under bankruptcy, insolvency and equity principles.
National Rural Utilities Cooperative Finance Corporation is offering $2,007,000 of Medium-Term Notes, Series D, under an existing shelf program. The notes are issued at 100% of principal amount on July 15, 2026, bear interest at 4.30% per annum, and mature on January 15, 2028.
Interest is payable on each January 15 and July 15, with regular record dates on each January 1 and July 1. The notes have no redemption date and carry no agents’ commission. Counsel Hogan Lovells US LLP states that, after proper authorization, issuance and delivery under the indenture, the notes will constitute valid and binding obligations of the company, subject to typical bankruptcy and equitable principles qualifications.
National Rural Utilities Cooperative Finance Corp is issuing senior unsecured notes with a principal amount of $20,000 at a selling price of 100.000%, generating net proceeds of $19,890.00.
The notes carry a fixed 4.000% coupon, paid monthly, maturing on June 15, 2027, with the first coupon of $3.67 due on July 15, 2025. They are callable at 100% on June 15, 2026 and monthly thereafter on 30 calendar days’ notice, include a survivor’s option, and are issued in minimum denominations of $1,000 under an indenture for which U.S. Bank Trust Company, National Association, acts as trustee.