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BRIEF-National Bank Of Canada Announces NVCC AT1 Limited Recourse Capital Notes Offering

Published 2020-09-01, 10:46 p/m
© Reuters.

Sept 2 (Reuters) - National Bank of Canada NA.TO :

* NATIONAL BANK OF CANADA ANNOUNCES NVCC AT1 LIMITED RECOURSE CAPITAL NOTES OFFERING

* NATIONAL BANK OF CANADA-AGREEMENT WITH GROUP OF AGENTS LED BY NATIONAL BANK FINANCIAL FOR ISSUANCE OF $500 MILLION OF LIMITED RECOURSE CAPITAL NOTES

* NATIONAL BANK OF CANADA- NOTES WILL BEAR INTEREST RATE OF 4.300% ANNUALLY, PAYABLE SEMI-ANNUALLY, FOR INITIAL PERIOD ENDING ON NOV 15, 2025

* NATIONAL BANK OF CANADA-INTEREST RATE ON NOTES WILL RESET EVERY FIVE YEARS AT A RATE EQUAL TO PREVAILING 5-YEAR GOVERNMENT OF CANADA YIELD PLUS 3.943%

* NATIONAL BANK OF CANADA SAYS THE NOTES WILL MATURE ON NOV. 15, 2080

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