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:   2023-05-26T23:59:59+00:00
Accession:  0001104659-23-065302
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70502/000110465923065302/0001104659-23-065302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70502/000110465923065302/tm2317023d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-065302

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer