National Bank of Canada Completes US$1B MTN Offering

On June 4, 2026, National Bank of Canada completed an offering under its 3(a)(2) MTN program of US$1 billion, 4.928% Fixed-to-Floating Rate Medium Term Notes due 2032, fully and unconditionally guaranteed as to payments by National Bank of Canada, acting through its New York Branch.

National Bank of Canada is one of the largest Canadian chartered banks and offers financial services to businesses and institutional clients across various industries in Canada and internationally.

McCarthy Tétrault LLP advised National Bank of Canada with a team led by Patrick Boucher and Fraser Bourne that included Michel Ranger (Tax) and Vincent Leduc (Corporate).