These are the details of the selected bond:
- Issuer: National Bank of Canada
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (Fitch) AAA (DBRS)
- Amount: EUR1,000m
- Maturity date: 20 January 2031
- Re-offer price: 99.894
- Coupon: 2.75%
- Swap spread: 45bp
- Government spread: 36.1bp
- Pricing date: 13 January 2026
- Settlement date: 20 January 2026
- Bookrunners: Barclays, BNP Paribas, LBBW, NBC, RBC, UBS
- Country: Canada
- ISIN: XS3275405309
- Collateral type: Mortgage
- The CBR bond ID: 3274
- Green, social, sustainability description: unlabelled
- Notes: Final book above EUR2.25bn (inc. EUR400m JLMs).
