NRUCFC Files 424B3 Prospectus

TL;DR

NRUCFC dropped a prospectus (424B3) on 4/6/26 - check it for deets on their debt offerings.

AI Summary

National Rural Utilities Cooperative Finance Corp. (NRUCFC) filed a 424B3 prospectus on April 6, 2026, related to its securities. The filing details the company's business, financial condition, and the terms of the securities being offered. NRUCFC, based in Dulles, VA, is a finance institution serving rural utilities.

Why It Matters

This filing provides crucial information for investors and stakeholders regarding NRUCFC's financial health and the specifics of its securities offerings, impacting potential investment decisions.

Risk Assessment

Risk Level: low — A 424B3 filing is a standard prospectus supplement and does not inherently indicate increased risk for the company itself.

Key Numbers

• 333-275151 — File Number (Identifies this specific SEC registration)
• 0531 — Fiscal Year End (Indicates the end of the company's annual accounting period)

Key Players & Entities

• NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (company) — Filer
• 0000070502 (company) — CIK
• 2026-04-06 (date) — Filing Date
• DULLES VA (location) — Mailing and Business Address

FAQ

Key Financial Figures

• $300,000.00 — ate October 24, 2023 Principal Amount $300,000.00 Issue Price 100% of Principal Amount

Filing Documents

• ps10534.htm (424B3) — 15KB
• exfilingfees.htm (EX-FILING FEES) — 17KB
• 0000070502-26-000256.txt ( ) — 147KB
• exfilingfees_htm.xml (XML) — 3KB

From the Filing

Document Rule 424 (b) (3) Registration No. 333-275151 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION Medium-Term Notes, Series D Due Nine Months or More from Date of Issue Trade Date March 11, 2026 Pricing Supplement No. 10534 Pricing Supplement Date March 11, 2026 Prospectus Supplement Date October 27, 2023 Base Prospectus Date October 24, 2023 Principal Amount $300,000.00 Issue Price 100% of Principal Amount Original Issue Date March 15, 2026 Maturity Date January 15, 2027 Interest Rate 3.62% per annum Regular Record Dates Each January 1 and July 1 Interest Payment Dates Each January 15 and July 15 Redemption Date None Agents Commission None Form of Note (Book-Entry or Certificated) Certificated Other Terms None Medium-Term Notes, Series D may be issued by the Company in an unlimited aggregate principal amount. Validity of the Medium-Term Note In the opinion of Hogan Lovells US LLP, as counsel to the Company, following (i) receipt by the Company of the consideration for the notes specified in applicable resolutions of the board of directors of the Company and (ii) the due execution, authentication, issuance and delivery of the notes pursuant to the terms of the indenture and the applicable underwriting, agency or distribution agreement against payment therefor, the notes offered by this pricing supplement will constitute valid and binding obligations of the Company, subject to the effect of (a) bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting creditors' rights and remedies (including, without limitation, the effect of statutory and other law regarding fraudulent conveyances and fraudulent, preferential or voidable transfers), and (b) the exercise of judicial discretion and the application of principles of equity, good faith, fair dealing, reasonableness, conscionability and materiality (regardless of whether the applicable agreements are considered in a proceeding in equity or at law), including, without limitation, principles limiting the availability of specific performance and injunctive relief. This opinion is based as to matters of law solely on applicable provisions of the following, as currently in effect (i) the District of Columbia General Cooperative Association Act of 2010 and (ii) the laws of the State of New York (but not including any laws, statutes, ordinances, administrative decisions, rules or regulations of any political subdivision below the state level). In addition, this opinion is subject to customary assumptions about the trustee's authorization, execution and delivery of the indenture and its authentication of the notes and the validity, binding nature and enforceability of the indenture with respect to the trustee, all as stated in the letter of such counsel dated October 27, 2023, which has been filed as an exhibit to a Current Report on Form 8-K by the Company on October 27, 2023.