Bond ScotiaBank 0% ( US064159WK88 ) in USD

Issuer ScotiaBank
Market price 120.52 %  ▲ 
Country  Canada
ISIN code  US064159WK88 ( in USD )
Interest rate 0%
Maturity 08/06/2022 - Bond has expired



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Minimal amount 1 000 USD
Total amount 11 569 000 USD
Cusip 064159WK8
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 the debt instrument identified by ISIN US064159WK88 and CUSIP 064159WK8 provides insight into a specific bond issued by the Bank of Nova Scotia. The issuer, Bank of Nova Scotia, commonly known as Scotiabank, stands as one of Canada's premier financial institutions, operating extensively across the Americas and globally, offering a comprehensive suite of banking and financial services. This particular bond, denominated in USD, was part of a total issuance valued at $11,569,000, with a minimum purchase denomination of $1,000. It was structured as a zero-coupon instrument, characterized by its 0% interest rate, which implies that it did not yield periodic interest payments to bondholders. While a payment frequency of 2 was indicated, this characteristic is typically associated with coupon distribution, a feature not applicable to a zero-coupon bond. Prior to its maturity, the bond had been trading at a market price of 120.52%. The bond, issued from Canada, reached its maturity date on June 8, 2022, and has subsequently been confirmed as having fully matured and been repaid.