Hunton Andrews Kurth Advises on $850 Million of SEC Registered Securities for National Rural Utilities Cooperative Finance Corporation

Hunton Andrews Kurth LLP advised the underwriters in an offering by National Rural Utilities Cooperative Finance Corporation (“CFC”) of an aggregate principal amount of $350 million 5.80% Collateral Trust Bonds, due 2033. The firm also advised the agents in an offering by CFC of an aggregate principal amount of $500 million of its 5.45% Medium Term Notes due 2025.

CFC is a member-owned cooperative association. Its principal purpose is to provide members with financing to supplement the loan programs of the Rural Utilities Service of the United States Department of Agriculture. CFC makes loans to its rural electric members so they can acquire, construct and operate electric distribution, generation, transmission systems and related facilities. CFC also provides its members with credit enhancements in the form of letters of credit and guarantees of debt obligations. As a member-owned cooperative, CFC has no publicly held equity securities outstanding. CFC funds its activities primarily through a combination of publicly and privately held debt securities and member investments.

The Hunton Andrews Kurth team included Michael F. Fitzpatrick, Adam R. O’Brian, Patrick C. Jamieson and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.