National Bank of Canada issues US$750M 0.55% fixed-to-fixed rate medium term sustainable notes due 2024

Date Closed

December 10, 2020

Lead Office

Montréal

Value

750.00 Million USD

On December 10, 2020, National Bank of Canada issued and sold US$750 million 0.550% fixed-to-fixed rate medium term sustainable notes due 2024 (the Notes) pursuant to National Bank of Canada's 3(a)(2) medium term note programme with National Bank of Canada, as issuer, and National Bank of Canada, acting through its New York Branch, as guarantor. The notes are bail-inable sustainable notes used under a 3(a)(2) MTN programme with proceeds of the Notes to be used for the financing and/or refinancing, in whole or in part, of future or existing eligible businesses and eligible projects.

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 advised National Bank of Canada with a team led by Patrick Boucher that included Laure Fouin.

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