National Bank Offering

The National Bank of Canada announced on July 13, 2000, that it had completed its offering of $175 million worth of 7 million Preferred Shares, Series 13. The preferred shares were priced at $25.00 per share and will initially yield 6.40 per cent annually.

McCarthy Tétrault acted on behalf of the National Bank with a team comprised of Daniel Bénay and Bruno Caron. François Cardin is general counsel for National Bank on this transaction. Acting for the underwriters syndicate co-lead by National Bank Financial and RBC Dominion Securities Inc. are Michel Roy and Jean-Pierre Bertrand of Desjardins Ducharme Stein Monast.