NATL RURAL UTIL. NTS DL25

The board of directors of National Rural Utilities Cooperative Finance has elected Brent McRae (66) as president. McRae brings leadership experience from McCone Electric Cooperative and the Montana Electric Cooperatives’ Association and has been self-employed as a rancher since 1989. The announcement contains no information on compensation or other personnel details. The information comes from an SEC filing. » More on de.investing.com

National Rural Utilities Cooperative Finance has announced the early repayment of its USD 350 million subordinated notes (coupon 5.25%, maturity 2046, CUSIP 637432NK7) on April 20. The repayment will be made at par plus accrued interest and funded from cash. The company cites reduced interest expense as the reason for the redemption; the securities are listed on the NYSE under NRUC. » More on de.investing.com