By Devika Patel
Knoxville, Tenn., April 27 – National Rural Utilities Cooperative Finance Corp. priced $100 million of 3.859% series D medium-term notes (A2/A-/A) due June 15, 2029 on Monday, according to an FWP filed with the Securities and Exchange Commission.
Pricing was at par to yield 3.859%, or a spread 108 basis points over Treasuries.
J.P. Morgan Securities LLC was the agent.
The market lender for electric cooperatives is based in Herndon, Va.
Issuer: | National Rural Utilities Cooperative Finance Corp.
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Amount: | $100 million
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Issue: | Series D medium-term notes
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Maturity: | June 15, 2029
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Agent: | J.P. Morgan Securities LLC
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Coupon: | 3.859%
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Price: | Par
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Yield: | 3.859%
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Spread: | Treasuries plus 108 bps
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Call: | Make-whole call at Treasuries plus 20 bps until April 15, 2029, then a par call
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Trade date: | April 26
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Settlement date: | May 9
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Ratings: | Moody’s: A2
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| S&P: A-
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| Fitch: A
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Distribution: | SEC registered
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Cusip: | 63743HFD9
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