National Bank of Canada resets interest rate on limited recourse notes to 6.29%

• National Bank of Canada reset the interest rate on its 4.05% limited recourse capital notes, Series 2, for the next five-year period.
• The new coupon will be 6.29% annually from Aug. 15, 2026 to Aug. 15, 2031 on CAD 500 million outstanding.
• Rate set at the Government of Canada bond yield on Aug. 14, 2026, increased by 3.05%; interest remains payable semiannually.

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