National Rural to redeem $300 million of 10.375% collateral trust bonds

By Sarah Lizee

Olympia, Wash., June 12 – National Rural Utilities Cooperative Finance Corp. plans to redeem $300 million of its 10.375% collateral trust bonds due 2018, according to an 8-K filing with the Securities and Exchange Commission.

The bonds will be redeemed on July 12.

The redemption price will be equal to par plus a make-whole premium calculated using a discount rate of Treasuries plus 50 basis points plus accrued interest to the redemption date.

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

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