CWB to redeem Sequence F NVCC subordinated debentures
EDMONTON, AB, Could 3, 2024 /CNW/ – Canadian Western Financial institution (CWB) right now introduced its intention to redeem all excellent $250 million 3.668% Sequence F Subordinated Debentures (Non-Viability Contingent Capital (NVCC)) due June 11, 2024 for 100 per cent of their principal quantity plus accrued curiosity to, however excluding, the redemption date. The redemption will happen on June 11, 2024. Formal discover will probably be delivered to the Debenture holders in accordance with the phrases and situations set forth within the associated belief indenture.
The redemption has been permitted by the Workplace of the Superintendent of Monetary Establishments and will probably be financed out of CWB’s normal company funds. Subsequent to the redemption, CWB’s Complete capital ratio will stay effectively above the regulatory minimal of 10.5% and above administration’s working targets.
About CWB Monetary Group
CWB is the one full-service monetary establishment in Canada with a strategic focus to satisfy the distinctive monetary wants of companies and their homeowners. We offer nation large full-service enterprise and private banking, specialised financing, complete wealth administration choices, and belief providers. Our groups ship a uniquely proactive and differentiated degree of service to shoppers in focused industries the place we now have deep experience. Shoppers select CWB for our extremely customized service, specialised experience, personalized options and quicker response instances.
As a public firm on the Toronto Inventory Trade (TSX), CWB trades underneath the symbols “CWB” (frequent shares), “CWB.PR.B” (Sequence 5 most popular shares) and “CWB.PR.D” (Sequence 9 most popular shares). We’re firmly dedicated to the accountable creation of worth for all our stakeholders and our strategy to sustainability will assist our continued success. Be taught extra at www.cwb.com.
SOURCE CWB Monetary Group
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