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Client Work

National Bank of Canada issues US$500 million of medium term notes

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National Bank Financial Inc.

On May 1, 2008, National Bank of Canada issued $500 million of medium term notes (the "Series 6 Notes") constituting subordinated indebtedness through its Medium Term Notes Program. The net proceeds from the issuance of the Series 6 Notes will be added to the general funds of the Bank and will be used for general banking purposes. The Series 6 Notes are eligible for inclusion as Tier 2B capital of the bank. The offering of the Series 6 Notes is made pursuant to the Short Form Base Shelf Prospectus dated September 21, 2006 and a Pricing Supplement relating to the Series 6 Notes which will be filed by the bank with the securities regulatory authorities in all provinces of Canada. National Bank Financial Inc. acted as lead agent for the offering. The agents were advised by a team from Fasken Martineau that included Jean-Pierre Chamberland, Catherine Isabelle and Nicolas Morin.


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