National Rural Utilities CFC Announces Redemption of $400M 5.60% Notes

What Happened
National Rural Utilities Cooperative Finance Corporation (CFC) filed an 8‑K (dated Sept 9, 2026) to notify investors that it will redeem all $400 million of its 5.60% Medium‑Term Notes due 2026 (CUSIP 63743HFK3) on October 13, 2026. The Notes will be redeemed at par plus accrued interest, and payment of principal and accrued interest will be made from cash on hand. CFC said the redemption is being effected to reduce interest expense.

Key Details

• Amount: $400,000,000 in 5.60% Medium‑Term Notes due 2026.
• Redemption date: October 13, 2026.
• Redemption price: Par (100%) plus accrued interest to the redemption date.
• CUSIP: 63743HFK3.
• Funding: Principal and accrued interest to be paid with cash on hand.
• Filing: Form 8‑K filed Sept 9, 2026; signed by CFO Yu Ling Wang.

Why It Matters
For noteholders, this is a scheduled (called) redemption: holders will receive par plus accrued interest on Oct 13, 2026. For equity and bond investors, CFC’s stated goal is to lower interest expense, which could modestly improve future interest costs and net income assuming no replacement debt at higher rates. The company’s disclosure also includes standard forward‑looking statement caution; CFC noted no obligation to update such statements except as required by law.