National Bank of Canada Announces NVCC Subordinated Notes Offering

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MONTREAL, Jan. 6, 2025 /CNW/ - National Bank of Canada (the "Bank") (TSX:NA.TO) today announced the filing of a prospectus supplement to a short form base prospectus dated September 6, 2024, with the various securities regulatory authorities in all provinces and territories of Canada under the Medium Term Notes Program (the "MTN Program"). The Bank also announced that it intends to issue Medium Term Notes for an aggregate principal amount of $1.0 billion at an interest rate of 4.260% and maturing on February 15, 2035 (Non-Viability Contingent Capital (NVCC)) constituting subordinated indebtedness of the Bank through its MTN Program (the "Notes"). The Notes will be issued and sold through a dealer syndicate led by National Bank Financial Inc.