Date Closed

October 20, 2023

Lead Office

Montréal

On October 20, 2023, National Bank of Canada completed its issuance of up to RMB1 billion aggregate principal amount of Renminbi-denominated fixed rate 2023 bonds (Bond Connect) (Series 1) of the Bank and the sale thereof under the underwriting agreement dated as of October 20, 2023, between the Bank, as issuer, Bank of Canada Limited, as lead underwriter and lead bookrunner, China Merchants Securities Co., Ltd., as a joint lead underwriter, and a joint lead bookrunner, Industrial and Commercial Bank of China Limited, as a joint lead underwriter and a joint lead bookrunner, Agricultural Bank of China Limited, as a joint lead underwriter and a joint lead bookrunner, and DBS Bank (China) Limited, as a joint lead underwriter and a joint lead bookrunner.

The National Bank of Canada, based in Montreal, is a broadly based and well-integrated financial group that provides a comprehensive range of financial services to consumers, corporations of all sizes and governments. 

McCarthy Tétrault advised the National Bank of Canada with a team led by Patrick Boucher that included Jessica Vona (Business), Ana Badour (Financial Services), and Michel Ranger (Tax).