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DBRS rates Scotiabank notes AAA
DBRS said it assigned AAA ratings to the covered bonds, series CBL39 and the covered bonds, series CBL40 issued under the Bank of Nova Scotia global registered covered bond program.
Series CBL39 for £1.3 billion has a coupon rate of compounded daily Sterling Overnight Index Average plus 1% and a maturity date of Jan. 26, 2026. Series CBL40 for €1.25 billion has a coupon rate of 0.375% and a maturity date of March 26, 2030.
All covered bonds issued under the program rank pari passu with each other and are rated AAA by DBRS, the agency said.
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