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Prospect News home > News index > List of issuers B > Headlines for Bank of Nova Scotia > News item
Published on 3/7/2023 in the Prospect News Investment Grade Daily and Prospect News Structured Products Daily.

Scotiabank plans fixed-to-floating rate notes due 2025

Chicago, March 7 – Bank of Nova Scotia is offering fixed-to-floating rate notes due March 17, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

For the first two quarters, interest will be at 6%. After that, interest will be at the two-year U.S. dollar SOFR ICE swap rate plus 85 basis points, with a minimum 0% rate.

Scotia Capital (USA) Inc. is the bookrunner.

The financial services company is based in Toronto.


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