Bank of Nova Scotia Issues $2.3B in Notes

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

The Bank of Nova Scotia has announced the issuance and sale of a series of Senior Medium-Term Notes, including floating and fixed-to-floating rates, with a total aggregate principal amount of US$2.3 billion, maturing between 2028 and 2032. Legal counsel has reviewed all necessary documents and believes that the notes, once issued and paid for in accordance with the agreements, will be legally binding and enforceable obligations of the bank. This financial move stands to significantly impact the Bank’s capital structure and offer opportunities for investors looking for medium-term securities.

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