Canadian Western Bank today announced it has issued subordinated debentures in an aggregate principal amount of $200 million, consisting of $125 million of Series A Debentures and $75 million of Series B Debentures.

The Series A Debentures have a fixed interest rate of 5.070% until March 21, 2012. After thata , the rate will be fixed quarterly at the Canadian dollar CDOR 90-day Bankers’ Acceptance rate plus 155 basis points until maturity on March 21, 2017.

The Series B Debentures have a fixed interest rate of 5.571% until March 21, 2017. After that, the rate will be fixed quarterly at the Canadian dollar CDOR 90-day Bankers’ Acceptance rate plus 180 basis points until maturity on March 21, 2022.

The issue was privately placed with institutional investors. BMO Capital Markets acted as agent for the transaction.

“We are very pleased with the successful placement of these securities which will increase the bank’s total regulatory capital and support our current and future asset growth,” said Larry Pollock, president and CEO.