CWB announces closing of private placement of NVCC subordinated debentures

Not for distribution to U.S. news wire services or for dissemination in the United States.

EDMONTON, Alberta, June 29, 2020 – Canadian Western Bank (“CWB”) (TSX: CWB) today announced that it has closed its private placement of $125 million aggregate principal amount of 4.840% Series G Subordinated Debentures due June 29, 2030 (Non-Viability Contingent Capital (NVCC)) (the “Debentures”). National Bank Financial Inc. acted as advisor to CWB on the placement, which was acquired by Caisse de dépôt et placement du Québec (CDPQ). 

The Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any state securities laws, and may not be offered, sold, directly or indirectly, or delivered within the United States of America and its territories and possessions or to, or for the account or benefit of, United States persons except in certain transactions exempt from the registration requirements of such Act and applicable state securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities in the United States.

FOR FURTHER INFORMATION CONTACT:

Chris Williams, MBA
AVP, Investor Relations
Phone: (780) 508-8229
Email: [email protected]