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DBRS: National Bank of Canada bonds AAA
DBRS said it assigned a rating of AAA to the covered bonds, series CBL12 (series CBL12) issued under the National Bank of Canada legislative global covered bond program. Series CBL12 (C$2 billion) has a coupon rate of three-month Canadian dollar offered rate + 0.85% and a maturity date of June 30, 2023.
All covered bonds issued under the program rank pari passu with each other and are currently rated AAA by DBRS.
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