debt
confidence high
sentiment neutral
materiality 0.50
NRUCFC issues $100M of 7.125% subordinated notes due 2053
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
- Issued $100M aggregate principal amount of 7.125% Fixed-to-Fixed Reset Rate Subordinated Notes due 2053.
- Underwriting agreement with Mizuho Securities USA LLC dated February 1, 2024; offering closed February 8, 2024.
- Notes are subordinated deferrable interest notes; proceeds not specified but typical corporate use.