The Firm represented National Bank of Canada Financial Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as joint book-running managers, in connection with the 3(a)(2) exempt offering of US$750 million aggregate principal amount of 4.950% Fixed-to-Floating Rate Medium Term Notes by National Bank of Canada (“NBC”).
With $462 billion in assets as at October 31, 2024, NBC is one of Canada's six systemically important banks. NBC has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange.
The Simpson Thacher team included Lesley Peng, John Strubing and Leandra Kede Yomo (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Pasco Struhs (Executive Compensation and Employee Benefits) and Jeanne Annarumma (ERISA).