National Bank of Canada FRN 02-JUL-2027National Bank of Canada FRN 02-JUL-2027National Bank of Canada FRN 02-JUL-2027

National Bank of Canada FRN 02-JUL-2027

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NTIOF5842190 analysis



Key facts


Issue date
Jul 3, 2024
Maturity date
Jul 2, 2027
Outstanding amount
‪350.00 M‬USD
Face value
1,000.00USD
Minimum denomination
250,000.00USD
Coupon
5.81% (Variable)
Yield to maturity
5.51%
National Bank of Canada engages in the provision of commercial banking and financial services. It operates through the following segments: Personal and Commercial, Wealth Management, Financial Markets, US Specialty Finance and International, and Other. The Personal and Commercial segment is involved in banking, financing, and investing services offered to individuals, advisors, and businesses as well as insurance operations. The Wealth Management segment focuses on the investment solutions, trust services, banking services, lending services, and other wealth management solutions offered through internal and third-party distribution networks. The Financial Markets segment includes banking and investment banking services and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. The US Specialty Finance and International segment consists of specialty finance expertise activities of subsidiary ABA Bank, which offers financial products and services to individuals and businesses, and activities of targeted investments in certain emerging markets. The Other segment encompasses treasury activities such as liquidity management, bank funding, asset and liability management, the activities of the Flinks subsidiary, a fintech company specialized in financial data aggregation and distribution, certain specified items, and unallocated portions of corporate services. The company was founded on May 4, 1859 and is headquartered in Montreal, Canada.
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