National Bank of Canada Completes $750 Million Preferred Share Offering

National Bank of Canada has successfully completed its $750 million offering of Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series 52. The shares are structured as Non-Viability Contingent Capital and were distributed through a syndicate led by National Bank Financial Inc.

The preferred share issuance strengthens the bank's regulatory capital base and reinforces its position as a major systemically important financial institution. It also adheres to securities law restrictions, targeting non-U.S. investors exclusively.