National Bank of Canada to redeem 3.261% notes due 2022 on April 11

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – National Bank of Canada will redeem all C$1 billion of its 3.261% series 7 medium term notes due April 11, 2022.

The bank plans to redeem the notes at par plus accrued interest to, but excluding, the redemption date of April 11, as part of its ongoing management of its regulatory capital.

The redemption is subject to approval from the Office of the Superintendent of Financial Institutions.

National Bank of Canada is a Montreal-based financial institution.

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