National Bank of Canada talks dollar-denominated notes due 2023 at high 60 bps spread area

By Cristal Cody

Tupelo, Miss., Jan. 9 – National Bank of Canada (A3/A/A+) intends to sell an offering of dollar-denominated notes due Feb. 1, 2023 on Thursday, according to a market source.

Initial price talk on the notes is in the Treasuries plus high 60 basis points area.

Citigroup Global Markets Inc., National Bank Financial Inc., BNP Paribas Securities Corp., J.P. Morgan Securities LLC and UBS Securities LLC and are the bookrunners.

The financial group is based in Montreal.

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