National Rural Utilities Cooperative Finance Corporation is issuing $1,750,000 of Medium-Term Notes, Series D, under its existing medium-term note program. The notes are priced at 100% of principal amount, bear interest at 3.68% per annum, and mature on January 15, 2027.
Interest is payable semiannually on January 15 and July 15, with regular record dates of January 1 and July 1, and there is no redemption date specified. No agent’s commission applies to this issuance. Hogan Lovells US LLP opines that, after proper authorization, issuance and delivery, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and creditors’ rights laws and governed by District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is offering a Medium-Term Note, Series D, with a principal amount of $200,000.00. The note is issued at 100% of principal, will be dated January 15, 2026, and will mature on January 15, 2027, giving it a one-year term.
The note bears interest at a fixed rate of 3.68% per annum, with interest payable 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. Counsel Hogan Lovells US LLP opines that, after proper authorization, issuance and delivery, the note will constitute a valid and binding obligation of the company, subject to customary bankruptcy and equitable principles under District of Columbia and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing $2,000,000 of Medium-Term Notes, Series D, at 100% of principal amount. The notes bear interest at 3.66% per annum, pay interest on each January 15 and July 15, and mature on November 15, 2026, with no redemption date specified before maturity. The original issue date is January 15, 2026 and no agent’s commission is payable on this issuance.
Legal counsel Hogan Lovells US LLP states that, after proper authorization, execution and delivery, these notes will be valid and binding obligations of the company under District of Columbia cooperative law and New York law, subject to usual limits from bankruptcy, insolvency and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing Medium-Term Notes, Series D, with a principal amount of $1,500,000.00 at an interest rate of 3.66% per annum, maturing on November 15, 2026. The notes are priced at 100% of principal, with an original issue date of January 15, 2026.
Interest is paid semiannually on each January 15 and July 15, to holders of record on each preceding January 1 and July 1. The notes have no redemption date and carry no agent’s commission. Counsel Hogan Lovells US LLP states that, after proper authorization, issuance and delivery, the notes will be valid and binding obligations of the company, subject to standard bankruptcy and equity-related legal limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, with a principal amount of $300,000.00. The note is issued at 100% of principal on January 15, 2026 and matures on March 15, 2027, carrying a fixed interest rate of 3.69% per annum.
Interest will be paid semiannually on January 15 and July 15, to holders of record on January 1 and July 1. The note has no redemption provision and no agent’s commission is payable. Counsel Hogan Lovells US LLP states that, after proper authorization, issuance and delivery, the notes will be valid and binding obligations of the company, subject to customary bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a new Series D medium-term note with a principal amount of $110,000.00. The note carries a fixed interest rate of 3.68% per annum, priced at 100% of principal, with interest paid semiannually on January 15 and July 15 to holders of record on January 1 and July 1.
The note will be issued on January 15, 2026 and will mature on January 15, 2027, with no stated redemption features and no agent’s commission. Counsel Hogan Lovells US LLP opines that, after proper authorization, payment and issuance under the governing indenture, the note will be a valid and binding obligation of the company, subject to customary bankruptcy, creditor-rights and equity-law limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a $1,000,000 Medium-Term Note, Series D, at 100% of principal, with a fixed interest rate of 3.74% per annum. The note will be issued on January 15, 2026 and will mature on January 15, 2028.
Interest will be paid semiannually on January 15 and July 15, to holders of record on January 1 and July 1. The note has no redemption date and carries no agent’s commission.
Hogan Lovells US LLP states that, after proper authorization, execution, issuance and payment, the note will be a valid and binding obligation of the company under District of Columbia cooperative law and New York law, subject to typical bankruptcy and equitable principles.
National Rural Utilities Cooperative Finance Corporation is issuing a new Medium-Term Note, Series D, under its existing shelf program. The note has a principal amount of $200,000.00, an issue price of 100% of principal, and bears interest at 3.66% per annum.
The note will be issued on January 15, 2026 and will mature on November 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 listed for this note. 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 standard bankruptcy and equity law limitations.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, with a principal amount of $250,000.00. The note will be issued at 100% of its principal amount on January 15, 2026 and will mature on January 15, 2027, making it a one-year instrument.
The note bears interest at a fixed rate of 3.68% per annum, with interest paid on January 15 and July 15, to holders of record on each preceding January 1 and July 1. There is no redemption date and no agent’s commission listed for this issuance.
Hogan Lovells US LLP states that, once properly authorized, executed and paid for under the indenture, the note will be a valid and binding obligation of the company, subject to customary bankruptcy and creditors’ rights laws and principles of equity under District of Columbia cooperative law and New York law.
National Rural Utilities Cooperative Finance Corporation is issuing a Medium-Term Note, Series D, with a principal amount of $5,000,000. The note is priced at 100% of principal, carries a fixed interest rate of 3.68% per annum, and will be issued on January 15, 2026 with a maturity date of January 15, 2027. Interest is payable twice a year on January 15 and July 15, to holders of record on January 1 and July 1, and there is no redemption feature or agent’s commission disclosed for this note.
Legal counsel Hogan Lovells US LLP states that, after proper authorization, payment and execution under the indenture and related agreements, the note will constitute a valid and binding obligation of the company, subject to typical bankruptcy, insolvency and equitable enforcement limitations under District of Columbia cooperative law and New York law.