National Rural to redeem $400 million of 3.05% collateral trust bonds

By Wendy Van Sickle

Columbus, Ohio, Oct. 15 – National Rural Utilities Cooperative Finance Corp. plans to redeem all $400 million of its 3.05% collateral trust bonds due Feb. 15, 2022 (Cusip: 637432MQ5) on Nov. 15, according to an 8-K filing with the Securities and Exchange Commission.

The bonds will be redeemed at par plus interest using cash on hand and other sources of liquidity, including the issuance of short-term debt.

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

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