National Bank of Canada NVCC subordinated notes offering

On January 13, 2025, National Bank of Canada (“National Bank”) completed its previously announced issuance of C$1 billion of 4.260% medium term notes (non-viability contingent capital (NVCC)) (subordinated indebtedness), maturing on February 15, 2035. Interest on the notes will be paid semi-annually at 4.260% per annum until February 15, 2030, and thereafter at a floating rate equal to Daily Compounded CORRA plus 1.56% payable quarterly.

The notes were issued and sold through a dealer syndicate led by National Bank Financial Inc.

Further information can be found on Canada Newswire's website.

National Bank, together with its subsidiaries, forms one of Canada's leading integrated financial groups, with C$462 billion in assets as at October 31, 2024.