Laurentian Bank

Laurentian Bank in its inaugural LRCN offering


Laurentian Bank


$125 million


Financial Services

Date Closed

May 2021


Banking & Financial Services

Lead Office



On May 7, 2021, Laurentian Bank of Canada completed its inaugural offering of $125 million aggregate principal amount of 5.30% Limited Recourse Capital Notes (LRCNs). The offering was made through a syndicate of agents co-led by Laurentian Bank Securities and CIBC Capital Markets acting as joint bookrunners. In connection with the offering, Laurentian also issued Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares that will be held by Computershare Trust Company of Canada.

Laurentian Bank of Canada is focused on providing financial solutions and services to its personal, business and institutional customers.

Osler, Hoskin & Harcourt LLP advised Laurentian Bank with a team consisting of Rick Fullerton, Arlene Mack (Financial Services), Timothy Hughes (Taxation), Jeremy Wu and Tearney Johnston-Jones (Corporate).