National Bank of Canada to Redeem its First Preferred Shares Series 36 (NVCC) newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
National Bank of Canada Announces NVCC AT1 Limited Recourse Capital Notes Offering
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MONTREAL, April 14, 2021 /CNW Telbec/ - National Bank of Canada ( National Bank ) today announced that it has entered into an agreement with a group of agents led by National Bank Financial Inc. for the issuance of $500 million of Limited Recourse Capital Notes, Series 2 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the Notes ).
The Notes will bear interest at a rate of 4.05% annually, payable semi-annually, for the initial period ending on but excluding August 15, 2026. Thereafter, the interest rate on the Notes will reset every five years at a rate equal to the prevailing 5-year Government of Canada Yield plus 3.045%. The Notes will mature on August 15, 2081.
National Bank of Canada to Redeem its First Preferred Shares Series 34 (NVCC) newswire.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newswire.ca Daily Mail and Mail on Sunday newspapers.
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MONTREAL, Feb. 2, 2021 /CNW Telbec/ - National Bank of Canada (TSX: NA) will release its first quarter 2021 results on Wednesday, February 24, 2021 at approximately 6:30 a.m. EST and will hold its financial community conference call the same day at 1:00 p.m. EST.
Presentation materials referenced during the call will be posted on the Bank s website at approximately 6:30 a.m. EST. The conference call will be accessible via live Internet broadcast or by telephone in listen-only mode at 1-800-898-3989 or 416-406-0743 with access code 1995846#.
A recording will be available until March 24, 2021 at 1-800-408-3053 or 905-694-9451 with access code 1381684#.