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Published on 1/13/2014 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

New Issue: Scotiabank prices $85 million callable notes due 2026 at par to yield 4.3%

By Jennifer Chiou

New York, Jan. 13 - The Bank of Nova Scotia priced $85 million of callable fixed-rate notes due Jan. 21, 2026 at par to yield 4.3%, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are callable in whole at par plus accrued interest after two years.

Scotia Capital (USA) Inc. and Jefferies LLC ran the books.

The financial services company is based in Toronto.

Issuer:Bank of Nova Scotia
Issue:Callable fixed-rate notes
Amount:$85 million
Maturity:Jan. 21, 2026
Coupon:4.3%
Price:Par
Yield:4.3%
Underwriters:Scotia Capital (USA) Inc. and Jefferies LLC
Trade date:Jan. 9
Settlement date:Jan. 21

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