---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-065302"
form_type: "8-K"
ticker: "NRUC"
cik: "0000070502"
company_name: "NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T13:35:49.332382+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NRUC issues $300M 7.125% subordinated notes, redeems $100M of 4.75% notes

## Summary
- Issued $300M aggregate principal of 7.125% Fixed-to-Fixed Reset Rate Subordinated Notes due 2053.
- Underwriters include J.P. Morgan, Mizuho, RBC Capital Markets, Truist Securities.
- Offering closed on May 26, 2023.
- Redeeming $100M of 4.75% Fixed-to-Floating Rate Subordinated Notes due 2043 at par plus accrued interest on June 26, 2023.
- Redemption funded with proceeds from the new issuance.

## SEC filing metadata
- accession: 0001104659-23-065302
- form_type: 8-K
- ticker: NRUC
- cik: 0000070502
- company_name: NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70502/000110465923065302/0001104659-23-065302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70502/000110465923065302/tm2317023d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-065302
- JSON: https://secwatch.observer/filing/0001104659-23-065302.json
- Plain text: https://secwatch.observer/filing/0001104659-23-065302.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.