National Bank of Canada completes US$1B covered bond offering

On June 20, 2019, National Bank of Canada completed an issuance of US$1 billion 2.05% covered bonds, Series CBL11, due June 20, 2022. The offering was made under National Bank's C$12 billion Global Covered Bonds Programme.
National Bank is the sixth largest commercial bank in Canada. It is headquartered in Montreal.
McCarthy Tétrault LLP advised National Bank with a team led by Marc MacMullin that included Laure Fouin.