Montréal advises Laurentian Bank of Canada on C$350m offering

June 22, 2017

Client: Laurentian Bank of Canada

Montreal advised Laurentian Bank of Canada (the Bank) on its completed public offering of C$350 million aggregate principal amount of 4.25% Notes due June 22, 2027 (Non-Viability Contingent Capital (NVCC)) (subordinated indebtedness), the Bank’s initial offering of NVCC subordinated indebtedness. The offering was made pursuant to the Bank’s short form base shelf prospectus dated December 20, 2016 and the Bank’s prospectus supplement dated June 15, 2017 which were filed with the securities regulatory authorities in all provinces of Canada.

The syndicate of dealers, led by Laurentian Bank Securities Inc., was also comprised of CIBC World Markets Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., TD Securities Inc., Desjardins Securities Inc., National Bank Financial Inc. and Scotia Capital Inc.

Norton Rose Fulbright Canada LLP acted as counsel to the Bank with a team that included Solomon Sananes, Renée Loiselle and Thomas Charest-Girard (corporate/securities) and Derek Chiasson (tax).