Highest-materiality recent filing
Brent McRae elected President of National Rural Utilities Cooperative Finance Corporation
Elected as President by the Board on June 15, 2026.
CFC to redeem $350M of 5.25% Subordinated Notes due 2046 on April 20, 2026 at par
CFC will redeem all $350M principal of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2046 (CUSIP 637432NK7).
CFC to redeem $600M of 4.45% Medium-Term Notes due 2026 on March 6
All $600M of 4.45% Medium-Term Notes (CUSIP 63743HFH0) due 2026 will be redeemed at par plus accrued interest.
CFC secures $450M Treasury-backed loan facility; total FFB funding reaches $1.8B
Closed $450M Series W committed loan facility from U.S. Treasury’s FFB, guaranteed by RUS.
Amends revolving credit facilities: maturities extended, $200M added to commitments
Three-year facility maturity extended to Nov 28, 2028; four-year to Nov 28, 2029.
CFC to redeem $250M of 4.75% Subordinated Notes due 2043 on Dec 11, 2025
Redemption of $250M aggregate principal of 4.75% Fixed-to-Floating Rate Subordinated Notes (CUSIP 637432MT9).
CFC redeems $9.067M of InterNotes on Nov 15, 2025 to reduce interest expense
Aggregate principal of $9,067,000 of InterNotes to be redeemed at par plus accrued interest on November 15, 2025.
CFC elects Mark Suggs as President; director Eisenbraun resigns
Mark A. Suggs, 68, elected President of CFC effective June 30, 2025; previously EVP at Pitt & Greene Electric Membership.
Director Anthony Anderson resigns from NRUC board effective March 1, 2025
Anthony Anderson notified resignation from Board of Directors effective March 1, 2025.
Maximum Purchase Amount increased from $6.0 billion to $6.5 billion.
CFC closes $450M committed loan facility from U.S. Treasury's FFB
New $450M Series V loan facility from Federal Financing Bank, guaranteed by U.S. through Rural Utilities Service.
NRUC amends credit agreements: extends maturities to 2027/2028, adds $250M each
Three-year facility maturity extended to Nov 28, 2027; four-year facility to Nov 28, 2028.
NRUC establishes continuous offering program for subordinated notes
Entered agency agreement on Nov 1, 2024 with InspereX, Citigroup, RBC, Wells Fargo to offer subordinated notes.
National Rural Utilities issues $350M 5.00% Collateral Trust Bonds due 2034
$350M aggregate principal amount, 5.00% coupon, due 2034.
National Rural Utilities Cooperative Finance Corp elects G. Anthony Norton as President
Board elected G. Anthony Norton, age 72, as President on June 17, 2024.
NRUC CEO J. Andrew Don's employment extended to May 2027; base salary set at ≥$1.161M
Board approved extension of CEO term from May 31, 2024 to May 31, 2027.
NRUCFC issues $100M of 7.125% subordinated notes due 2053
Issued $100M aggregate principal amount of 7.125% Fixed-to-Fixed Reset Rate Subordinated Notes due 2053.
NRUC closes $450M FFB loan facility; total FFB committed facilities reach $1.2B
$450 million committed loan facility from U.S. Treasury's FFB, guaranteed by USDA Rural Utilities Service.
CFC amends revolving credit facilities; extends maturities to 2026/2027
Three-year facility maturity extended to Nov 28, 2026; four-year to Nov 28, 2027.
NRUC establishes three new debt programs: Member Capital Securities, MTN Series D, and InterNotes
Filed prospectus supplements on Oct 27, 2023, for the three programs with unlimited aggregate principal.
CFC elects David Felkel as President effective June 19, 2023
David Felkel, age 62, elected President by CFC Board on June 19, 2023.
NRUC issues $300M 7.125% subordinated notes, redeems $100M of 4.75% notes
Issued $300M aggregate principal of 7.125% Fixed-to-Fixed Reset Rate Subordinated Notes due 2053.
National Rural Utilities Cooperative Finance Corp issues $1.1B in debt across three tranches
Issued $300M 5.80% Collateral Trust Bonds due 2033 via underwriters including Mizuho, PNC, RBC, Scotia.
CFC secures $750M Series T loan facility from U.S. Treasury's FFB
$750M committed Series T loan facility from U.S. Treasury FFB, guaranteed by Rural Utilities Service.
NRUC issues $350M 5.80% Collateral Trust Bonds due 2033 and $500M 5.45% Medium Term Notes due 2025
$350M aggregate principal of 5.80% Collateral Trust Bonds due 2033 issued under underwriting agreement.
NRUC amends revolving credit facilities, extends maturities to 2025 and 2026, swaps LIBOR for SOFR
Amended three-year facility maturity extended to Nov 28, 2025; four-year to Nov 28, 2026.
NRUC appoints Pankaj Shah as principal accounting officer
Pankaj Shah, 38, appointed principal accounting officer effective August 25, 2022.
NRUC issues $400M 4.15% Collateral Trust Bonds due 2032
$400M aggregate principal amount of 4.15% Collateral Trust Bonds due 2032 issued.
National Rural Utilities appoints Gary Bradbury as COO effective Aug 1, 2022
Gary Bradbury appointed COO, effective August 1, 2022.
National Rural Utilities Cooperative Finance Corp elects Bruce Vitosh as President
Bruce Vitosh, age 56, elected President effective June 20, 2022.
CFC expands Farmer Mac secured note facility to $6B and extends draw period to 2027
Maximum Purchase Amount raised from $5.5B to $6.0B.
NRUC appoints Nathan Howard as SVP and General Counsel effective April 25, 2022
Nathan Howard appointed Senior Vice President and General Counsel, effective April 25, 2022.
CFO Yu Ling Wang to serve as interim principal accounting officer after CAO retirement
Robert E. Geier, VP & Chief Accounting Officer, to retire effective May 31, 2022.
CFC announces early redemption of $450M 2.40% bonds due April 2022
Will redeem all $450M of its 2.40% Collateral Trust Bonds due April 25, 2022 at par plus accrued interest.
NRUC issues $500M 2.75% Collateral Trust Bonds due 2032 and $1B additional notes
$500M 2.75% Collateral Trust Bonds due 2032 issued via underwriting agreement dated Jan 31, 2022.
General Counsel Roberta B. Aronson to retire; will transition to part-time in 2022
Aronson notified NRUC of her retirement as full-time employee and chief legal officer on Nov 8, 2021.
CFC closes $550M Series S loan facility from U.S. Treasury FFB through 2026
Closed $550M Series S committed loan facility from U.S. Treasury FFB, guaranteed by USDA RUS.
CFC to redeem $400M of 3.05% Collateral Trust Bonds due Feb 2022 on Nov 15
Redeeming all $400M of 3.05% Collateral Trust Bonds (CUSIP 637432MQ5) due Feb 15, 2022.
On June 15, 2026, the Board of Directors (the “Board”) of National Rural Utilities Cooperative Finance Corporation (“CFC”) elected Brent McRae, age 66, as President.
On February 28, 2025, Anthony Anderson notified National Rural Utilities Cooperative Finance Corporation (the “Company”) that he will resign from the Board of Directors of the Company effective March 1, 2025.
On June 17, 2024, the Board of Directors of National Rural Utilities Cooperative Finance Corporation elected G. Anthony Norton, age 72, as President.
On June 19, 2023, the Board of Directors of the National Rural Utilities Cooperative Finance Corporation (“CFC”) elected David Felkel, age 62, as President.
On July 18, 2022, Gary Bradbury was appointed Chief Operating Officer of National Rural Utilities Cooperative Finance Corporation (the “Company”), effective August 1, 2022.
On June 20, 2022, the Board of Directors of the National Rural Utilities Cooperative Finance Corporation elected Bruce Vitosh, age 56, as President.
On April 13, 2022, Robert E. Geier, Vice President, Chief Accounting Officer and principal accounting officer of National Rural Utilities Cooperative Finance Corporation (the “Company”), notified the Company of his intent to retire effective May 31, 2022.
To ensure continuity and facilitate a smooth transition, Yu Ling Wang, the Company’s Senior Vice President, Chief Financial Officer and principal financial officer, will act as interim principal accounting officer effective immediately until a replacement is named.
On November 8, 2021, Roberta B. Aronson, Senior Vice President and General Counsel of National Rural Utilities Cooperative Finance Corporation (the “ Company ”), notified the Company of her intent to retire as a full-time employee and the Company’s chief legal officer.
Max materiality 0.65 · Median 0.47 · Most common event debt