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As Of Filer Filing For·On·As Docs:Size Issuer 1/22/20 Nat’l Rural Utilities Co… Corp/DC FWP 1:38K Nat’l Rural Utilities Co… Corp/DC |
Document/Exhibit Description Pages Size 1: FWP Ctb FWP January 2020 HTML 18K
Document |
Issuer: | National
Rural Utilities Cooperative Finance Corporation | |
Expected Ratings: | A1 (Stable) / A (Stable) / A+ (Stable) (Moody’s / S&P / Fitch) | |
Principal Amount: | $500,000,000 | |
Security
Type: | Collateral Trust Bonds | |
Legal Format: | SEC Registered | |
Pricing Date: | ||
Settlement Date: | February 5, 2020 (T+10) | |
Maturity Date: | ||
Coupon: | 2.40% | |
Price
to Public: | 99.562% | |
Benchmark Treasury: | 1.75% due November 15, 2029 | |
Benchmark Treasury Yield: | 1.769% | |
Spread
to Benchmark Treasury: | +68 basis points | |
Yield to Maturity: | 2.449% | |
Interest Payment Dates: | Semi-annually
on March 15 and September 15, commencing September 15, 2020 | |
Optional Redemption | The issuer may redeem the bonds at any time, prior to December 15, 2029, in whole or in part, at a “make-whole” redemption price equal to the greater of (1) 100% of the principal amount being redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest (other than accrued interest) on the bonds being redeemed that would be due if such bonds matured
on December 15, 2029, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 12.5 basis points for the bonds plus in each case of (1) and (2) above, accrued interest to, but excluding, the redemption date. At any time on or after December 15, 2029, the issuer may redeem the bonds at its option, in whole or in part, at a redemption price equal to 100% of the principal amount of the bonds then outstanding to be redeemed, plus accrued and unpaid interest on the bonds being redeemed to, but excluding, the redemption date. | |
Denominations: | $2,000
x $1,000 | |
CUSIP / ISIN: | 637432 NV3 / US637432NV39 |
Joint
Book-Running Managers: | MUFG Securities Americas Inc. | |
RBC Capital Markets, LLC | ||
Scotia Capital (USA) Inc. | ||
U.S. Bancorp Investments, Inc. | ||
Co-Manager: | Regions Securities LLC |
This ‘FWP’ Filing | Date | Other Filings | ||
---|---|---|---|---|
3/15/30 | ||||
12/15/29 | ||||
11/15/29 | ||||
9/15/20 | ||||
2/5/20 | ||||
Filed on: | 1/22/20 | 424B3, 424B5, FWP | ||
List all Filings |