National Rural Utilities Cooperative Finance Corporation is issuing a $560,000 Medium-Term Note, Series D. The note carries a fixed interest rate of 3.86% per annum, priced at 100% of principal, with an original issue date of February 4, 2026 and a maturity date of February 15, 2029.
Interest will be paid semiannually on each January 15 and July 15 to holders of record on each January 1 and July 1. The note has no stated redemption date and no agent’s commission. Counsel Hogan Lovells US LLP opines that, after proper issuance and payment, the note will be a valid and binding obligation of the company, subject to standard bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corp is issuing $1,221,000 principal amount of 3.700% senior unsecured notes maturing on February 15, 2028. The notes are priced at 100.000%, carry fixed monthly interest, and pay the first coupon of $4.11 on March 15, 2026.
The offering is non-callable and includes a survivor’s option, allowing repayment upon the holder’s death under stated conditions. After a 0.550% selling concession, the company expects net proceeds of $1,214,284.50. Hogan Lovells US LLP opines that, after proper issuance, the notes will be valid and binding obligations of the company, subject to applicable bankruptcy and creditor-rights laws.
National Rural Utilities Cooperative Finance Corp is offering subordinated deferrable interest notes due February 15, 2056. The notes are priced at 100.000% of principal and pay a fixed 5.500% annual coupon, with interest paid semi-annually starting on August 15, 2026.
These notes include a survivor’s option and are callable at the issuer’s option, in whole or in part, at 100% of principal plus accrued interest on any day on or after February 15, 2031. The offering runs from February 2, 2026 through February 9, 2026, with a trade date of February 9, 2026 and settlement on February 12, 2026. The minimum denomination is $1,000 and integral multiples of $1,000.
National Rural Utilities Cooperative Finance Corp is offering fixed-rate senior unsecured notes under its InterNotes program. The notes pay a 3.750% coupon with interest paid monthly and are scheduled to mature on February 15, 2029.
The notes are non-callable, include a survivor's option, and are offered at 100% of principal during an offering period from February 2 to February 9, 2026. The minimum denomination is $1,000, with settlement through DTC book-entry only and distribution via several named dealer agents.
National Rural Utilities Cooperative Finance Corporation closed a new $450 million Series W committed loan facility with the U.S. Treasury’s Federal Financing Bank, guaranteed by the United States of America through the Rural Utilities Service. CFC may borrow under this facility until July 15, 2030, with each advance maturing up to 30 years from its date.
Interest on these advances will be set at a spread over comparable Treasury bonds, at 42.5 basis points for maturities of 10 years or less and 55 basis points for longer maturities. This commitment raises CFC’s total funding available under Federal Financing Bank committed loan facilities to $1.8 billion, to support loans and refinancing for eligible utility infrastructure under the Rural Electrification Act of 1936.
CFC also amended its Agency Agreement for Medium-Term Notes, Series D, removing Scotia Capital (USA) Inc. as an agent and adding BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc. and M&T Securities Inc. as agents.
National Rural Utilities Cooperative Finance Corporation files a Supplement dated January 28, 2026 that amends the Prospectus Supplement dated October 27, 2023 for its Medium-Term Notes, Series D to revise the list of agents under the Agency Agreement.
The Supplement replaces each reference to Scotia Capital (USA) Inc. with BMO Capital Markets Corp., FNB America Securities LLC, Huntington Securities, Inc. and M&T Securities, Inc. and restates the full roster of agents named for the offering.
National Rural Utilities Cooperative Finance Corporation is issuing a new Medium-Term Note, Series D, with a principal amount of $2,500,000.00. The note is priced at 100% of principal, carries a fixed interest rate of 3.63% per annum, and will be issued on January 29, 2026, maturing on December 15, 2026.
Interest will be paid semiannually on each January 15 and July 15, to holders of record on each January 1 and July 1. There is no redemption date and no agent’s commission on this note. Counsel Hogan Lovells US LLP states that, once properly authorized, executed and delivered under the indenture and applicable agreements, the note will be a valid and binding obligation of the company, subject to typical bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corp is offering a new series of InterNotes senior unsecured notes under its existing shelf registration. The notes carry a fixed 3.700% coupon, priced at 100.000% of principal, with interest paid monthly and a stated maturity on February 15, 2028.
The notes are non-callable and include a survivor's option, allowing repayment upon the death of the beneficial owner, as described in the base prospectus. The first coupon payment is scheduled for March 15, 2026 with an initial coupon amount of $4.11. The minimum denomination is $1,000, in increments of $1,000, and they will be issued in DTC book-entry form through agents including InspereX LLC and major broker-dealers.
National Rural Utilities Cooperative Finance Corp is offering $1,269,000 of senior unsecured notes with a fixed 3.600% coupon, priced at 100.000% of principal. The notes pay interest monthly and mature on January 15, 2028, with the first coupon payment on February 15, 2026 and an initial coupon amount of $2.20. The notes are non-callable, but include a survivor’s option that allows repayment at par upon the death of the beneficial owner, subject to the program’s terms.
The offering runs from January 12, 2026 through January 20, 2026, with a trade date of January 20, 2026 and settlement on January 23, 2026 in $1,000 minimum denominations. Notes are sold at the stated selling price, with a 0.550% gross concession resulting in net proceeds to the company of $1,262,020.50. The notes are issued through a group of agents and are expected, subject to customary legal qualifications, to constitute valid and binding obligations of the company.
National Rural Utilities Cooperative Finance Corporation is offering a Medium-Term Note, Series D, with a principal amount of $1,980,000.00. The note is issued at 100% of its principal amount, will be dated January 16, 2026, and will mature on November 15, 2026. It carries a fixed interest rate of 3.66% per annum, with interest payable each January 15 and July 15 to holders of record on each preceding January 1 and July 1.
The note has no redemption date and no agent’s commission is payable on this issuance. Hogan Lovells US LLP opines that, after receipt of the stated consideration and proper execution under the indenture, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy, insolvency and equitable principles under District of Columbia and New York law.