National Bank of Canada Issues Corporate Bond with Fixed Coupon Rate
The National Bank of Canada has issued a corporate bond with a coupon rate of 6.50%. The bond, known as NTIOF5675268, matures on October 31, 2028. According to TradingView, the next interest payment is scheduled for November 2, 2026.
The current coupon rate of 6.50% means that the bond will pay out an annual interest rate of 6.50%. This rate has been fixed and will not change over the life of the bond. The coupon payments are semi-annual, with 10 payments scheduled between November 2, 2026, and October 31, 2028.
The first payment is $9.93, with subsequent payments increasing to $32.50. This will continue until the final payment on October 31, 2028. The bond's issuer, National Bank of Canada, has a strong credit rating and a long history in the financial industry.