Bond ScotiaBank 0% ( US0641593Y02 ) in USD

Issuer ScotiaBank
Market price 99.975 %  ▼ 
Country  Canada
ISIN code  US0641593Y02 ( in USD )
Interest rate 0%
Maturity 23/06/2023 - Bond has expired



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Minimal amount 2 000 USD
Total amount 750 000 000 USD
Cusip 0641593Y0
Detailed description The Bank of Nova Scotia, also known as Scotiabank, is a multinational banking and financial services corporation headquartered in Toronto, Canada, with a significant international presence focusing on the Americas and select Asian markets.

A specific fixed-income instrument, identified by its ISIN US0641593Y02 and CUSIP 0641593Y0, issued by the Bank of Nova Scotia, a prominent Canadian financial institution, has successfully completed its lifecycle, having reached its maturity date on June 23, 2023, and subsequently been redeemed. Headquartered in Canada, the Bank of Nova Scotia, commonly known as Scotiabank, stands as one of the largest financial institutions in North America and a leading bank in the Americas, providing a comprehensive array of banking services to retail, corporate, and institutional clients globally, thereby underpinning its status as a frequent and reliable issuer in the international debt markets. This particular bond, denominated in United States Dollars (USD) and originating from Canada, was a notable issuance with a total size of $750,000,000, structured as a zero-coupon bond, indicated by its 0% interest rate, which implies that investors would have purchased it at a discount to its face value to realize a return upon its repayment at par. With a minimum purchase size set at 2,000 units, the instrument was last observed trading at a market price of 99.975% of its par value, reflecting its convergence towards full repayment as it neared its redemption date; while a payment frequency of 2 was noted in its specifications, consistent with typical semi-annual interest disbursements, the zero-coupon nature of this bond meant no periodic interest payments were made, with the return solely derived from the difference between the purchase price and the redemption value. As confirmed by its status, this bond has now fully matured and been reimbursed to its holders, signifying a completed and settled transaction within the fixed-income landscape, thereby exiting the active market.