This content is from: Innovation

Scotiabank Sells $1.25B In Bonds

The Bank of Nova Scotia has raised $1.25 billion in a sale of notes in two parts.

The Bank of Nova Scotia has raised $1.25 billion in a sale of notes in two parts, Reuters reports. Proceeds of the transaction, being led by Bank of America Merrill Lynch, Morgan Stanley, Barclays and Scotia Capital, will be used for general corporate purposes, adds Capital.gr.

The $500 million notes sold in the first tranche carry a coupon rate of 2.375%, and are due to mature on Dec. 17, 2013. The $750 million notes sold in the second tranche carry a coupon rate of 4.375%, and are due to mature on Jan. 13, 2021.

Click here for the story from Reuters.

Click here for additional coverage from Capital.gr.

Related Content