National Bank Renews US$5B Euro Program

On February 10, 2004, National Bank of Canada renewed its US$5 billion Euro note program. Barclays Bank Plc and National Bank Financial are the arrangers on the program, and the dealers are Barclays Bank, Citigroup Global Markets Ltd., Deutsche Bank AG London, Goldman Sachs International, HSBC Bank plc, JP Morgan Securities Ltd., Merrill Lynch International, National Bank Financial and UBS Ltd.

National Bank was represented by in-house counsel Andrée Grimard and Valérie Duchesne; and assisted by Daniel Bénay and Arman Kuyumjian (corporate) and Claude Desaulniers (tax) of McCarthy Tétrault LLP. The arrangers and dealers were represented by Sherry Roth and Pierre-Yves Leduc of Stikeman Elliott LLP in London.