Transaction|March 30, 2015
Scotiabank closes subordinated debenture offering
Torys acted as counsel to the agency syndicate led by Scotia Capital with a team that included David Seville, Alison Harnick, Valerie Ito and Laura Sigurdson.
On March 30, 2015, The Bank of Nova Scotia (Scotiabank) closed its inaugural Basel III-compliant offering of C$1.25 billion of 2.58% subordinated debentures due 2027.
The debentures were sold through an agency syndicate led by Scotiabank Global Banking & Markets pursuant to a pricing supplement to Scotiabank's June 27, 2014 base shelf prospectus.
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia.
Further information can be found on Marketwired's website.