Bond ScotiaBank 0% ( US064159MS25 ) in USD

Issuer ScotiaBank
Market price 106.71 %  ⇌ 
Country  Canada
ISIN code  US064159MS25 ( in USD )
Interest rate 0%
Maturity 27/11/2020 - Bond has expired



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Minimal amount 1 000 USD
Total amount 7 988 000 USD
Cusip 064159MS2
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.

An analysis of a specific debt instrument reveals the issuance of a bond, identified by ISIN US064159MS25 and CUSIP 064159MS2, by the Bank of Nova Scotia, a leading Canadian multinational banking and financial services institution founded in 1832 with extensive operations across North, Central, and South America, the Caribbean, and parts of Asia, which bond, denominated in USD and issued from Canada, represented an initial total issue size of $7,988,000 with a minimum purchase threshold of $1,000, and notably carried a 0% interest rate, classifying it as a zero-coupon bond where investor returns were predicated on the discount at issuance and full principal repayment at maturity rather than periodic coupon payments, despite an indicated payment frequency of 2; having reached its maturity on November 27, 2020, and prior to that exhibiting a reported market price of 106.71% of par, this bond has since been fully repaid and extinguished from the market.