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National Bank of Canada offers sustainability bonds

National Bank of Canada is offering US$750 million 3-year sustainable bond due Oct. 7, 2022.

The bonds bear a fixed interest rate of 2.15% per annum.

The offering is an unsubordinated and unsecured obligation of the bank and is expected to close Oct. 9

The bank expects to use the net proceeds to finance, in whole or in part, future or existing eligible businesses and projects in green and social assets.