Redemption for cash of $300,000,000 Series 2 Medium Term Notes
Montreal, 31 October 2007 -
National Bank of Canada (TSX: NA) announced today that is has completed the previously announced redemption, for the purpose of cancellation, of all of its Series 2 Medium Term Notes, for 100% of the $300,000,000 principal amount of notes. This redemption, funded solely from the Bank’s general funds, is part of the Bank’s capital management program.
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. 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 than $124 billion in assets and, together with its subsidiaries, employs 17,169 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA). For more information, visit the Bank’s website at www.nbc.ca.
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