Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $75.0 million, fixed effective interest rate of 5.38%, maturing May 2031. The fixed rate applies only until May 1, 2026, at which point the obligation converted to a floating rate based on a CORRA-derived reference rate plus 3.61% payable quarterly in arrears. Subsequent to April 30, 2026, the notes became redeemable by the Bank, subject to regulatory approval.