Debt Information
Maturity Schedule
| Subordinated debentures | Interest rate(1) | Maturity date | Earliest redemption date | Par Value(2) (Oct 31, 2022) |
|---|---|---|---|---|
| Series F NVCC | 3.668% | Jun 11, 2029 | Jun 11, 2024 | $250,000,000 |
| Series G NVCC | 4.840% | Jun 29, 2030 | Jun 29, 2025 | $125,000,000 |
(1) The interest rate will be paid until the earliest date redeemable, after which the interest rate will reset quarterly at the reset spread basis points over the then three-month Bankers’ Acceptance rate.
(2) The balance reported on the consolidated balance sheet as at October 31, 2022 includes unamortized financing costs related to the issuance of subordinated debentures of $1,198 (2021 - $1,778).
Credit Ratings
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