By William Gullotti and Cristal Cody
Buffalo, N.Y., Dec. 12 – National Bank of Canada sold $1 billion of 5.6% five-year notes (A3/A+) on Monday, according to information provided by a market source.
The notes priced at Treasuries plus 137.5 basis points, tighter than initial talk in the Treasuries plus 160 bps area.
National Bank of Canada is acting as its own bookrunner alongside Barclays, Citigroup, Goldman Sachs and UBS.
The bank is based in Montreal.
| Issuer: | National Bank of Canada
|
| Amount: | $1 billion
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| Issue: | Notes
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| Maturity: | Dec. 18, 2028
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| Bookrunners: | National Bank of Canada, Barclays, Citigroup, Goldman Sachs and UBS
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| Coupon: | 5.6%
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| Spread: | Treasuries plus 137.5 bps
|
| Trade date: | Dec. 11
|
| Ratings: | Moody’s: A3
|
| S&P: A+
|
| Initial talk: | Treasuries plus 160 bps area
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