NRUC closes $450M FFB loan facility; total FFB committed facilities reach $1.2B

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/

$450 million committed loan facility from U.S. Treasury's FFB, guaranteed by USDA Rural Utilities Service.
Advances available until July 15, 2028; each advance maturity up to 30 years.
Interest rate spread: 42.5 bps for maturities <=10 yrs, 55 bps for >10 yrs, over comparable Treasuries.
30 bps of fees support USDA Rural Economic Development Loan and Grant Program.
Proceeds to finance eligible rural utility infrastructure or refinance existing bonds/notes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ entered into Series U committed loan facility with U.S. Treasury Department's Federal Financing Bank (FFB) valued at $450 million (effective 2023-12-19).

Action: entry
Agreement: credit facility
Counterparty: U.S. Treasury Department's Federal Financing Bank (FFB)
Value: $450 million
Effective: 2023-12-19

Exact text from the filing

On December 19, 2023, National Rural Utilities Cooperative Finance Corporation (“CFC”) closed on a $450 million Series U committed loan facility from the U.S. Treasury Department’s Federal Financing Bank (“FFB”) guaranteed by the United States of America, acting through the Rural Utilities Service.

View on SEC.gov

Browse all material agreements →

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ filing history →

Source: SEC EDGAR

accession 0000070502-23-000046

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.