National Bank Financial Group

National Bank Financial Group

February 16, 2009 08:00 ET

National Bank Financial Group: Redemption for Cash of $250,000,000 5.70% Debentures Due April 16, 2014

MONTREAL, QUEBEC--(Marketwire - Feb. 16, 2009) - National Bank of Canada (TSX:NA) announced today its intention to redeem, for the purpose of cancellation, all of its 5.70% debentures due April 16, 2014, on Thursday, April 16, 2009, for 100% of the principal amount of the debentures.

The regular interest due in respect of the debentures on April 16, 2009 will be paid in the normal course, leaving no accrued and unpaid interest on the debentures at the time of their redemption. There is currently $250,000,000 principal amount of debentures outstanding.

This redemption, funded solely from the Bank's general funds, is part of the Bank's capital management program. The notice of redemption with the letter of transmittal will be promptly sent to the holders of debentures.

About National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has more then $129 billion in assets and, together with its subsidiaries, employs 17,146 people. The Bank's securities are listed on the Toronto Stock Exchange (TSX:NA). For more information, visit the Bank's website at

The telephone number provided below is for the exclusive use of journalists and other media representatives.

Contact Information

  • National Bank Financial Group
    Denis Dube
    Senior Manager, Public Relations