Canadian Western Bank closes offering of C$150M Series H Subordinated Debentures

On December 22, 2022, Canadian Western Bank ("CWB") closed its offering of $150 million aggregate principal amount of 5.937% Series H Subordinated Debentures due December 22, 2032. The debentures were issued under a prospectus supplement dated December 13, 2022 to CWB's short form base shelf prospectus dated June 1, 2022.

RBC Capital Markets led the syndicate of agents through which the debentures were sold.

CWB is a leading provider of specialized banking services tailored for residents and businesses in Western Canada, headquartered in Edmonton.

McCarthy Tétrault represented the syndicate of agents, with a team led by Andrew Parker that included Jeremy Pleasant, Suzie Cusson, Gurvir Sangha (Business), Matthew Kraemer, and Mike Hegedus (Tax).