Subordinated Deferrable Debt

9 Months Ended

Feb. 28, 2014

Subordinated Deferrable Debt

Subordinated Deferrable Debt

(7) Subordinated Deferrable Debt

At February 28, 2014 and May 31, 2013, we had $400 million of 4.75 percent subordinated deferrable debt outstanding due 2043. Subordinated deferrable debt currently outstanding is callable at par on or after April 30, 2023.