Transaction|December 8, 2015
Scotiabank closes C$750 million NVCC subordinated debentures offering
Torys acted as counsel to the agency syndicate with a team led by David Seville.
On December 8, 2015, The Bank of Nova Scotia (Scotiabank) closed a Basel III-compliant offering of C$750 million of 3.367% subordinated debentures due 2025.
The debentures were sold through an agency syndicate led by Scotia Capital Inc. pursuant to a prospectus supplement dated December 1, 2015 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 Scotiabank's website.