(January 16 – 17:40 ET) – National Bank of Canada has entered into an agreement with a syndicate of agents regarding the distribution of $300 million of Medium Term Notes Series 2.

The purpose of the offering is to enlarge the bank’s Tier 2B capital base.

It is expected that the Notes will be ready for delivery in book entry form through the facilities of The Canadian Depository for Securities Limited on or about January 22.

The syndicate of agents is led by National Bank Financial Inc. Other members include BMO Nesbitt Burns Inc., Scotia Capital Inc., RBC Dominion Securities Inc., CIBC World Markets Inc., Merrill Lynch Canada Inc., TD Securities Inc., Laurentian Bank Securities Inc., Casgrain & Company Limited and HSBC Securities (Canada) Inc.
-IE Staff