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ItalianoBond ScotiaBank 0% ( US06417P8352 ) in USD
| Issuer | ScotiaBank |
| Market price | 100 % ▲ |
| Country |  Canada
|
| ISIN code |
 US06417P8352 ( in USD )
|
| Interest rate | 0% |
| Maturity | 27/10/2023 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 USD |
| Total amount | 17 035 000 USD |
| Cusip | 06417P835 |
| Standard & Poor's ( S&P ) rating | N/A |
| Moody's rating | NR |
| 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 recent financial instrument that has completed its lifecycle is the bond issued by the Bank of Nova Scotia, identified by ISIN US06417P8352 and CUSIP 06417P835. Bank of Nova Scotia, commonly known as Scotiabank, stands as one of Canada's largest and most prominent financial institutions, offering a comprehensive range of banking, wealth management, and capital markets products and services globally. This particular debt instrument, denominated in USD and issued from Canada, featured a total issuance size of $17,035,000 with a minimum purchase requirement of $1,000. Characterized by a zero-percent interest rate, this effectively positioned it as a zero-coupon bond, meaning investors' returns were derived from the discount at which it might have been purchased relative to its par value upon maturity rather than through recurring interest payments, despite a reported payment frequency of two (typically indicating semi-annual for coupon-bearing instruments). The bond successfully reached its maturity date on October 27, 2023, and has since been redeemed, with its final market value confirmed at 100% of par. Moody's assigned an "NR" (Not Rated) designation to this specific issue. |