National Rural Utilities conducts offering of collateral trust bonds

By Devika Patel

Knoxville, Tenn., Jan. 31 – National Rural Utilities Cooperative Finance Corp. intends to offer collateral trust bonds, according to a 424B5 filing with the Securities and Exchange Commission.

The bonds have a make-whole call, followed by a par call.

MUFG, RBC Capital Markets Corp., Scotia Capital (USA) Inc. and U.S. Bancorp Investments Inc. are the bookrunners.

Settlement is expected in February.

Proceeds will be used for general corporate purposes, including short-term debt repayment, primarily consisting of commercial paper.

The market lender for electric cooperatives is based in Herndon, Va.

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