The Toronto-Dominion Bank has announced: the pricing of a U.S. public offering of US$750 million 7.250% Fixed Rate Reset Limited Recourse Capital Notes, Series 4 (Non-Viability Contingent Capital (NVCC)) (the “LRCNs”). The LRCNs will be …
Category: Issue Comments
CM.PR.Y To Be Redeemed
Canadian Imperial Bank of Commerce has announced: its intention to redeem all of its issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 51 (Non-viability contingent capital (NVCC)) (Series 51 shares) (TSX: CM.PR.Y), …
CM.PR.O To Be Redeemed
Canadian Imperial Bank of Commerce has announced: its intention to redeem all of its issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 39 (Non-viability contingent capital (NVCC)) (Series 39 shares) (TSX: CM.PR.O), …
CM Issues LRCNs: CM.PR.O & CM.PR.Y To Be Redeemed, Maybe?
Canadian Imperial Bank of Commerce has announced: a domestic public offering of $500 million of 6.987% Limited Recourse Capital Notes Series 4 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the “LRCNs”). The LRCNs will be sold …
RY.PR.H To Be Redeemed
Royal Bank of Canada has announced (on June 10): its intention to redeem all of its issued and outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BB (Series BB shares) …
BMO.PR.S To Be Redeemed
Bank of Montreal has announced: its intention to redeem all of its 20,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 27 (Non-Viability Contingent Capital (NVCC)) (the “Preferred Shares Series 27”) for an …
BMO.PR.F To Be Redeemed
Bank of Montreal has announced: its intention to redeem all of its 14,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 46 (Non-Viability Contingent Capital (NVCC)) (the “Preferred Shares Series 46”) for an …
RY.PR.Z To Be Redeemed
Royal Bank of Canada has announced: its intention to redeem all of its issued and outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series AZ (Series AZ shares) (TSX: RY.PR.Z) on …
NA.PR.S To Reset At 6.191%
National Bank of Canada has announced: that it does not intend to exercise its right to redeem all or part of the currently outstanding 14,000,000 Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series 30, Non-Viability …
CWB.PR.D To Reset To 7.651%
Canadian Western Bank has announced: the applicable dividend rates for its … non-cumulative 5-year rate reset First Preferred Shares Series 9 (Non-Viability Contingent Capital (NVCC)) (the “Series 9 Preferred Shares”) (TSX: CWB.PR.D) and non-cumulative floating …