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CWB announces NVCC subordinated debenture offering

Newswire.ca - Mon Jan 15, 6:00PM CST

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

EDMONTON, AB, Jan. 15, 2024 /CNW/ - Canadian Western Bank ("CWB") (TSX: CWB) today announced its intent to issue $250 million aggregate principal amount of 5.949% Series I Subordinated Debentures due January 29, 2034 (Non-Viability Contingent Capital (NVCC)) (the "Debentures"). The Debentures are to be sold through a syndicate of agents led by RBC Capital Markets, Scotiabank and TD Securities. The expected closing date is on or about January 29, 2024.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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