Published on 1/18/2023 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.
New Issue: National Bank of Canada sells $750 million 5.25% notes due 2025
By Cristal Cody
Chicago, Jan. 18 – National Bank of Canada sold $750 million of 5.25% notes with a two-year tenor, according to a market source.
The notes priced at Treasuries plus 110 basis points. Initial price talk was in the 130 bps area.
Citigroup, Goldman Sachs, JPMorgan, National Bank of Canada and Royal Bank of Canada were the bookrunners.
National Bank of Canada is a Montreal-based financial institution.
| Issuer: | National Bank of Canada
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| Amount: | $750 million
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| Issue: | Notes
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| Maturity: | Jan. 17, 2025
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| Bookrunners: | Citigroup, Goldman Sachs, JPMorgan, National Bank of Canada and Royal Bank of Canada
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| Coupon: | 5.25%
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| Spread: | Treasuries plus 110 bps
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| Trade date: | Jan. 9
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| Price talk: | Treasuries plus 130 bps area
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