secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (NRUC)
CIK:        0000070502
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0000070502-23-000046
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70502/000007050223000046/0000070502-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70502/000007050223000046/nru-20231219.htm
  HTML page:      https://secwatch.observer/filing/0000070502-23-000046

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