Canadian Western Bank closes $250 million issue of "Series E" subordinated debentures

Canadian Western Bank closes $250 million issue of "Series E" subordinated 
EDMONTON, Dec. 17, 2012 /CNW/ - Canadian Western Bank (TSX: CWB) ("CWB" or the 
"Bank") today closed its previously announced issue of $250 million "Series E" 
subordinated debentures (the "Debentures") via a private placement to 
accredited investors. RBC Capital Markets and BMO Capital Markets acted as 
joint bookrunners on the transaction. 
The Debentures bear interest at a fixed rate of 3.463% per annum, payable in 
equal semi-annual payments in arrears on June 17 and December 17 of each year, 
commencing June 17, 2013 until December 17, 2019. Thereafter, the interest 
rate will float to maturity at 3-month CDOR plus 1.60%, payable quarterly. The 
Debentures are redeemable by the Bank at a redemption price equal to par, plus 
accrued and unpaid interest, any time on or after December 17, 2019, subject 
to the prior written consent of the Superintendent of Financial Institutions 
The Debentures will add to CWB's already solid regulatory capital position and 
will qualify for transition allowances permitted for Canadian banks under the 
Basel III capital framework, effective January 1, 2013. Proceeds of the issue 
will be added to the Bank's general funds. 
The securities offered have not been registered under the U.S. Securities Act 
of 1933, as amended, and may not be offered or sold in the United States 
absent registration or an applicable exemption from the registration 
requirements. This news release shall not constitute an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of the securities 
in any State in which such offer, solicitation or sale would be unlawful. 
About Canadian Western Bank Group
Canadian Western Bank offers a full range of business and personal banking 
services across the four western provinces and is the largest Canadian owned 
bank headquartered in Western Canada. The Bank, along with its operating 
affiliates, National Leasing Group Inc., Canadian Western Trust Company, 
Valiant Trust Company, Canadian Direct Insurance Incorporated, Adroit 
Investment Management Ltd. and Canadian Western Financial Ltd., collectively 
offer a diversified range of financial services across Canada and are together 
known as Canadian Western Bank Group. The common shares of Canadian Western 
Bank are listed on the Toronto Stock Exchange under the trading symbol "CWB." 
Refer to for additional information. 
Tracey Ball, FCA, ICD.D Executive Vice President & CFO Canadian Western Bank 
Phone: (780) 423-8888 
Kirby Hill, CFA Director, Strategy and Communications Canadian Western 
Bank Phone: (780) 441-3770 
SOURCE: Canadian Western Bank 
To view this news release in HTML formatting, please use the following URL: 
CO: Canadian Western Bank
ST: Alberta
-0- Dec/17/2012 19:33 GMT
Press spacebar to pause and continue. Press esc to stop.