NRUCFC Files 424B3 Prospectus Supplement

TL;DR

NRUCFC dropped a 424B3 filing on 4/7/26 - looks like they're cooking up new debt/equity.

AI Summary

National Rural Utilities Cooperative Finance Corp. filed a 424B3 prospectus on April 7, 2026, related to its Act 33 filing with SEC Accession No. 0000070502-26-000262. The filing pertains to a prospectus supplement, indicating potential new securities offerings or updates to existing ones. The company's mailing and business address is 20701 Cooperative Way, Dulles, VA 20166-6691.

Why It Matters

This filing indicates potential new debt or equity offerings by NRUCFC, which could impact its capital structure and borrowing costs.

Risk Assessment

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

Key Numbers

• 333-275151 — File Number (Related to Act 33 registration)

Key Players & Entities

• NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/ (company) — Filer
• 0000070502-26-000262 (filing_id) — SEC Accession Number
• 2026-04-07 (date) — Filing Date
• 20701 COOPERATIVE WAY DULLES VA 20166-6691 (address) — Mailing and Business Address

FAQ

Key Financial Figures

• $247,000.00 — ate October 24, 2023 Principal Amount $247,000.00 Issue Price 100% of Principal Amount

Filing Documents

• ps10532.htm (424B3) — 15KB
• exfilingfees.htm (EX-FILING FEES) — 17KB
• 0000070502-26-000262.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 April 3, 2026 Pricing Supplement No. 10532 Pricing Supplement Date April 3, 2026 Prospectus Supplement Date October 27, 2023 Base Prospectus Date October 24, 2023 Principal Amount $247,000.00 Issue Price 100% of Principal Amount Original Issue Date April 8, 2026 Maturity Date April 15, 2028 Interest Rate 4.06% 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.