Bank of Nova Scotia Issues GBP 1.25 Billion Floating Rate Covered Bonds

Bank Of Nova Scotia ( (TSE:BNS) ) has issued an update.

The Bank of Nova Scotia has agreed to issue GBP 1.25 billion of floating rate covered bonds due March 2031 under its CAD 100 billion Global Registered Covered Bond Program, with payments of interest and principal guaranteed by Scotiabank Covered Bond Guarantor Limited Partnership. The final terms for this Series CBL72 issuance, which supports the bank’s funding strategy and presence in the sterling covered bond market, have been published for admission to trading and are available via the UK’s National Storage Mechanism in conjunction with the existing prospectus documentation.

More about Bank Of Nova Scotia

The Bank of Nova Scotia, commonly known as Scotiabank, is a major Canadian financial institution operating globally in banking and financial services. It offers retail, commercial and corporate banking, wealth management and capital markets products, and is an active issuer in international debt and covered bond markets to support its funding and lending activities.

Learn more about BNS stock on TipRanks’ Stock Analysis page.