National Bank of Canada prices private placement of C$750 million Series 52 preferred shares

PUBT · 2d ago
National Bank of Canada prices private placement of C$750 million Series 52 preferred shares
  • National Bank priced an institutional offering of 750,000 Series 52 NVCC preferred shares at CAD 1,000 each, raising CAD 750 million gross.
  • Shares carry a 6.57% fixed dividend, payable semi-annually, through Nov. 16, 2031.
  • Rate resets every five years to the 5-year Government of Canada yield plus 2.9%.
  • Redemption allowed from Oct. 16, 2031 to Nov. 16, 2031, then every five years, subject to OSFI approval.
  • Closing expected Sept. 22, 2026; proceeds earmarked for general banking purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. National Bank of Canada published the original content used to generate this news brief via CNW (Ref. ID: 202609152055CANADANWCANADAPR_C0740) on September 16, 2026, and is solely responsible for the information contained therein.