National Rural calls $250 million of 7.25% notes due 2012 at 102.503

By Marisa Wong

Madison, Wis., Oct. 20 - National Rural Utilities Cooperative Finance Corp. will redeem $250 million of its 7.25% series C medium-term notes due March 1, 2012 at 102.503. The redemption price was set by JPMorgan on Oct. 18 using the notes' make-whole provision.

As previously announced, the notes will be redeemed on Oct. 21 at the redemption price plus accrued interest.

National Rural Utilities is a Dulles, Va.-based lender for electric cooperatives.

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