NAV Canada increases notes purchase offer

NAV Canada on Thursday said it was increasing by C$25 million Canadian its two-week old offer to purchase for cash a series of four tranches of debt securities. NAV’s initial offer of C$100 million was made on November 16 for the series of notes, which were titled 0.555% Series 2021-2 General Obligation Notes due 2024, 0.937% Series 2021-1 General Obligation Notes due 2026, 7.560% Revenue Bonds Series 97-2 due 2027 and 7.400% Revenue Bonds Series 96-3 due 2027. NAV’s new offer came after just over C$256 million in combined aggregate principal amount of the notes were validly tendered before the