Bond ScotiaBank 0.55% ( US064159YM27 ) in USD

Issuer ScotiaBank
Market price 100 %  ▲ 
Country  Canada
ISIN code  US064159YM27 ( in USD )
Interest rate 0.55% per year ( payment 2 times a year)
Maturity 14/09/2023 - Bond has expired



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Minimal amount 2 000 USD
Total amount 650 000 000 USD
Cusip 064159YM2
Standard & Poor's ( S&P ) rating A- ( Upper medium grade - Investment-grade )
Moody's rating A2 ( Upper medium grade - Investment-grade )
Detailed description The Bank of Nova Scotia, often called Scotiabank, is a Canadian multinational banking and financial services company with a significant international presence, particularly in the Americas and Asia.

The Bank of Nova Scotia Successfully Repays USD 650 Million Bond Upon Maturity The financial markets recently witnessed the successful maturity and full repayment of a specific debt instrument issued by The Bank of Nova Scotia, a prominent Canadian financial institution. This bond, identified by ISIN US064159YM27 and CUSIP 064159YM2, reached its scheduled maturity date on September 14, 2023, at which point it was fully reimbursed to investors at 100% of its principal value, underscoring the issuer's robust financial management and commitment to its obligations. The Bank of Nova Scotia, widely recognized as Scotiabank, stands as one of Canada's "Big Five" banks, holding a significant position within the global financial landscape. Headquartered in Toronto, the institution boasts a comprehensive array of banking services, including personal and commercial banking, wealth management, and corporate and investment banking, with a notable international presence, particularly across Latin America and the Caribbean. Its strong market standing and operational stability are reflected in its high credit ratings, a key factor for investors in its debt instruments. This particular bond, denominated in U.S. Dollars (USD), had a substantial total issuance size of $650,000,000. It carried a fixed interest rate of 0.55%, with interest payments distributed semi-annually, providing regular income to bondholders throughout its term. The minimum purchase size for this offering was set at $2,000, making it accessible to a range of institutional and individual investors. The bond?s issuance originated from Canada, aligning with The Bank of Nova Scotia's primary country of operation. During its lifecycle, the bond was assessed by leading credit rating agencies, providing essential insights into its creditworthiness. Standard & Poor's (S&P) assigned a rating of A-, while Moody's provided an A2 rating. These investment-grade ratings affirmed the issuer's strong capacity to meet its financial commitments, albeit with minor differences in nuance between the agencies' methodologies, further reinforcing investor confidence in The Bank of Nova Scotia's financial stability leading up to the bond's maturity and successful repayment.