Bullboard - Stock Discussion Forum National Bank of Canada T.NA

Alternate Symbol(s): NTIOF | T.NA.PR.S | NBCDF | T.NA.PR.W | T.NA.PR.C | NBKCF | T.NA.PR.E | T.NA.PR.G | T.NA.R

National Bank of Canada (the Bank) operates as an integrated financial group. The Bank operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International (USSF&I). Its Personal and Commercial segment includes banking, financing, and investing services offered to individuals, advisors, and businesses, as well as insurance... see more

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TSX:NA - Post Discussion

National Bank of Canada > $500 million in shares offered at 112.30$ closing June 17

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Post by insidersnoop1 on Jun 13, 2024 3:03pm

$500 million in shares offered at 112.30$ closing June 17

From NA June 11 Press Release :

National Bank has agreed to issue and sell 4,453,000 Subscription Receipts at a price of $112.30 for total gross proceeds of approximately $500 million. The Public Offering is being underwritten on a bought-deal basis by a syndicate of underwriters.

Closing of offering is expected to occur on or about June 17, 2024.

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Comment by Trogarzon on Jun 13, 2024 7:56pm

Did'nt exactly flew off the shelves at my broker... market sentiment is split on the startegy. It's a small bank with 39 branches and probably some bad surprises ahead from the coming recession Jeffery Gunlach is brilliantly talking about thanks to goverments maturing balloon depts in the next 24 months.

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