MONTREAL, Sept. 20, 2013 /CNW Telbec/ - National Bank of Canada (the
"Bank") announced today its intention to redeem, on November 15, 2013,
for the purpose of cancellation, all $500,000,000 of its Series 6
Medium Term Notes outstanding (subordinated indebtedness) due November
15, 2018 (the "Notes"). In accordance with their terms, the Notes will
be redeemed at 100% of their principal amount on November 15, 2013. The
regular interest due in respect of the Notes on November 15, 2013 will
be paid in the normal course, leaving no accrued and unpaid interest on
the Notes at the time of their redemption. Interest on the Notes will
cease to accrue from and after the redemption date.
The redemption of the Notes is subject to the approval of the Office of
the Superintendent of Financial Institutions. Funded solely from the
Bank's general funds, this redemption is part of the Bank's ongoing
management of its regulatory capital.
The notice of redemption will be delivered to the holders of the Notes,
in accordance with the Notes' conditions.
Caution Regarding Forward-Looking Statements
This press release includes certain forward-looking statements. These
forward-looking statements include the Bank's intentions regarding the
redemption of the Series 6 Medium term Notes. These statements are
inherently subject to significant risks, uncertainties and changes in
circumstances, many of which are beyond the control of the Bank,
including the obtaining of regulatory approval required to complete the
proposed redemption. Except as required by law, the Bank does not
undertake to update any forward-looking statements, whether written or
oral, that may be made from time to time, by it or on its behalf. The
forward-looking information contained in this press release is
presented for the purpose of interpreting the information contained
herein and may not be appropriate for other purposes.
About National Bank of Canada
With $187 billion in assets as at July 31, 2013, National Bank of Canada
(www.nbc.ca) together with its subsidiaries, forms one of Canada's leading
integrated financial groups, and has been named among the 20 strongest
banks in the world by Bloomberg Markets magazine. The Bank has close to
20,000 employees and is widely recognized as a top employer. Its
securities are listed on the Toronto Stock Exchange (TSX: NA). Follow
the Bank's activities via social media and learn more about its
extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE National Bank of Canada
(The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.):
Claude Breton
Assistant Vice-President, Public Affairs
National Bank of Canada
Tel.: 514-394-8644
Hélène Baril
Senior Director, Investor Relations
National Bank of Canada
Tel.: 514-394-0296
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