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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (NRUC) Form 424B5 — Oct 16, 2026

$NRUCForm 424B5Filed Oct 16, 2026, 4:27 PM ET0001104659-26-116624Original filing

National Rural Utilities Cooperative Finance Corporation filed a 424B5 prospectus supplement covering its Series 2026 member capital securities, a new series of 30-year unsecured subordinated debt issued under its October 1996 indenture. The securities are offered only to CFC's voting members, are not exchange-listed, and carry subordination and interest-deferral features, including CFC's option to defer interest for up to ten consecutive semi-annual payment periods. Proceeds will be used for general corporate purposes, including funding loans to rural electric cooperative members and retiring outstanding debt.

Key figures

Associates
560
Consolidated members
1181
Interest deferral limit
ten consecutive semi-annual interest payment periods
Maturity years from issuance
30
Senior secured indebtedness usd billions
16
Senior indebtedness outstanding usd billions
34.9
Senior secured notes outstanding usd millions
9150
Additional permitted indebtedness usd billions
81.6
Collateral trust bonds outstanding 1994 indenture usd millions
5
Collateral trust bonds outstanding 2007 indenture usd millions
6661

AI analysis

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