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CWB to redeem Series F NVCC subordinated debentures

Canadian Western Bank (CWB) today announced its intention to redeem all outstanding $250 million 3.668% Series F Subordinated Debentures (Non-Viability Contingent Capital (NVCC)) due June 11, 2024 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on June 11, 2024. Formal notice will be delivered to the Debenture holders in accordance with the terms and conditions set forth in the related trust indenture.

The redemption has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of CWB’s general corporate funds. Subsequent to the redemption, CWB’s Total capital ratio will remain well above the regulatory minimum of 10.5% and above management’s operating targets.

Chris Williams
AVP, Investor Relations
CWB Financial Group
Phone: 780-508-8229
Email: [email protected]