SEC Form 424B3 filed by National Rural Utilities Cooperative Finance Corporation
$NRUC
Diversified Financial Services
Finance
|
Rule 424
(b)(3)
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|
Registration No.:
333-275151
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|
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE
CORPORATION
|
|
Medium-Term Notes,
Series D
|
|
Due
Nine Months or More from Date of Issue
|
|
Trade
Date
|
May
12,
2025
|
|
Pricing
Supplement No.
|
10249
|
| Pricing Supplement Date |
May
12,
2025
|
| Prospectus Supplement Date |
October
27, 2023
|
|
Base Prospectus
Date
|
October 24,
2023
|
|
|
|
|
Principal
Amount
|
$416,000.00
|
|
Issue
Price
|
100%
of Principal Amount
|
|
Original Issue
Date
|
May 15,
2025
|
|
Maturity
Date
|
May
15,
2026
|
|
Interest
Rate
|
4.32%
per annum
|
|
Regular
Record Dates
|
Each
January 1 and July 1
|
|
Interest Payment Dates
|
Each
January 15 and July 15
|
|
Redemption
Date
|
None
|
|
Agents
Commission
|
None
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| Form of Note (Book-Entry or Certificated) |
Certificated
|
|
Other
Terms
|
None
|
|
|
|
Medium-Term
Notes, Series D may be issued by the Company in an unlimited
aggregate principal amount.
Validity of the Medium-Term Note
In the
opinion of Hogan Lovells US LLP, as counsel to the
Company, following (i) receipt by the Company of the
consideration for the notes specified in applicable resolutions of
the board of directors of the Company and (ii) the due
execution, authentication, issuance and delivery of the notes
pursuant to the terms of the indenture and the applicable
underwriting, agency or distribution agreement against payment
therefor, the notes offered by this pricing supplement will
constitute valid and binding obligations of the Company, subject to
the effect of (a) bankruptcy, insolvency, reorganization,
receivership, moratorium and other laws affecting creditors’
rights and remedies (including, without limitation, the effect of
statutory and other law regarding fraudulent conveyances and
fraudulent, preferential or voidable transfers), and (b) the
exercise of judicial discretion and the application of principles
of equity, good faith, fair dealing, reasonableness,
conscionability and materiality (regardless of whether the
applicable agreements are considered in a proceeding in equity or
at law), including, without limitation, principles limiting the
availability of specific performance and injunctive
relief.
This
opinion
is based as to matters of law solely on applicable provisions of
the following, as currently in effect: (i) the District of Columbia
General Cooperative Association Act of 2010 and (ii) the laws of
the State of New York (but not including any laws, statutes,
ordinances, administrative decisions, rules or regulations of any
political subdivision below the state level). In addition, this
opinion is subject to customary assumptions about the
trustee’s authorization, execution and delivery of the
indenture and its authentication of the notes and the validity,
binding nature and enforceability of the indenture with respect to
the trustee, all as stated in the letter of such counsel dated
October 27, 2023, which has been filed as an exhibit to a Current
Report on Form 8-K by the Company on October 27, 2023.