By Cristal Cody
Prospect News, July 6 - Bank of Nova Scotia (Aa1/AA-/DBRS: AA) sold C$1 billion in a reopening of its 2.25% three-year deposit notes at 100.654 to yield 2.01% on Friday, a bond source said.
The notes due May 8, 2015 priced at a spread of 94 basis points over the Government of Canada benchmark.
Scotia Capital Inc. was the bookrunner.
Scotiabank first sold the issue on May 3 in a C$1 billion offering that priced at 99.977 to yield 2.251%, or 81 bps over the bond curve. The total outstanding is C$2 billion.
Toronto-based Bank of Nova Scotia is a global financial services provider.
| Issuer: | Bank of Nova Scotia
|
| Amount: | C$1 billion reopening
|
| Maturity: | May 8, 2015
|
| Securities: | Deposit notes
|
| Bookrunner: | Scotia Capital Inc.
|
| Coupon: | 2.25%
|
| Price: | 100.654
|
| Yield: | 2.01%
|
| Spread: | 94 bps over Canadian government benchmark
|
| Pricing date: | July 6
|
| Settlement date: | July 11
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA-
|
| DBRS: AA
|
| Distribution: | Canada
|
| Total outstanding: | C$2 billion
|
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