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Euro Medium-Term Note program
A multi-currency Euro Medium-Term Note Program (EMTN) was established in 1993. The program limit is set at $2 billion U.S. (or the equivalent in alternative currencies). The CWB issues both private placement and public bond deals.
| Maximum term | Any maturity up to 15 years |
| Currencies | Subject to compliance with applicable legal and regulatory requirements, Notes may be denominated in any currency as may be agreed between the Issuer and the relevant Dealer including, and without limitation to, U.S. dollars, euro, sterling and Yen |
| Delivery |
Outside of Canada - bearer form through Euroclear Bank S.A./N.V. as operator of the Euroclear System or any successor in that capacity and Clearstream, Luxembourg. |
| Form and clearance of notes | Beneficial interests in a temporary global Bearer Note will be exchangeable for beneficial interests in a permanent global Bearer Note or definitive Bearer Notes not earlier than 40 days after the Issue Date upon certification on non-U.S. beneficial ownership. |
| Yield basis | Fixed or floating. |
| Issue price | At par or on a discount to, or premium over, par and may be issued on a fully or a partially paid basis. |
| U.S selling restrictions | Notes are not eligible under Rule 144A of the Securities Act of 1933, as amended. |
The EMTN program has four select financial institutions as dealers as well as provisions for "reverse inquiry" transactions wherein dealers, not in the group, can issue the CWB's medium-term notes.
Members of the EMTN dealer group:
Citigroup
Mizuho International plc.
UBS Ltd.
Goldman Sachs International
Please contact the named dealers or phone (204) 983-8263 (CWB Finance) to receive a copy of the CWB's Offering Circular.