NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (NRUC) Form 424B5 — Oct 16, 2026
National Rural Utilities Cooperative Finance Corporation (CFC) filed a prospectus supplement dated October 16, 2026 to offer Subordinated Deferrable Interest Notes from time to time under its Form S-3 shelf, with InspereX as purchasing agent and Citigroup, RBC Capital Markets and Wells Fargo Advisors as agents. The notes are unsecured, mature no earlier than 30 years, carry $1,000 minimum denominations, and allow CFC to defer interest for up to ten years (20 semi-annual or 40 quarterly periods) absent an event of default. Net proceeds to CFC will be at least 96.85% of gross proceeds after agent discounts of up to 3.15%.
Key figures
- Members
- 1181
- Associates
- 560
- Optional deferral max
- up to 10 years (20 semi-annual or 40 quarterly interest periods)
- Agent discount max pct
- 3.15
- Minimum denomination usd
- 1000
- Senior debt ranking ahead usd
- $34.9 billion (incl. $1.2 billion contingent guarantees)
- Net proceeds floor pct of gross
- 96.85
- Subordinated debt ranking equal usd
- $1.3 billion
- Collateral trust bonds outstanding 1994 indenture usd millions
- 5
- Collateral trust bonds outstanding 2007 indenture usd millions
- 6661
AI analysis
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