National Bank of Canada prices private placement of CUSD 750 million Series 52 preferred shares

(AWP Alliance News) - National Bank of Canada launched an institutional offering of 750,000 Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series 52 (NVCC), priced at CAD 1,000 each for gross proceeds of CAD 750 million. The shares will pay a 6.57% fixed dividend, resetting every five years to the 5-year Government of Canada yield plus 2.9%, with the initial period ending Nov. 16, 2031. The bank can redeem the shares from Oct. 16, 2031 to Nov. 16, 2031, then every five years, subject to regulatory approval.

Closing is expected Sept. 22, 2026. The shares will not be registered under the U.S. Securities Act, restricting sales to exempt transactions.

https://www.publicnow.com/view/0825E78592EA9E061BBF7A3B11E895EE3651D010…

Disclaimer: This news brief was created using generative artificial intelligence. National Bank of Canada published the original content used to generate this news brief via CNW on September 16, 2026, and is solely responsible for the information contained therein.