Financing ·
The Bank of Nova Scotia announced an interest rate reset for its $1.25 billion principal amount of 3.70% Fixed Rate…
BNSBank of Nova Scotia
The Bank of Nova Scotia announced an interest rate reset for its $1.25 billion principal amount of 3.70% Fixed Rate Resetting Limited Recourse Capital Notes, Series 1, and its associated AT1 Notes, to 5.987% per annum for the five-year period from July 27, 2026, to July 27, 2031. Interest on the Notes is payable quarterly in arrears on January 27, April 27, July 27, and October 27. The Bank of Nova Scotia is a large North American bank providing personal, commercial, and investment banking services.