Bond ScotiaBank 0% ( XS1384269475 ) in USD

Issuer	ScotiaBank
Market price	100 % ⇌
Country	Canada
ISIN code	XS1384269475 ( in USD )
Interest rate	0%
Maturity	30/03/2046
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Minimal amount	250 000 USD
Total amount	150 000 000 USD
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 notable fixed-income instrument, identified by its ISIN XS1384269475, has been issued by the Bank of Nova Scotia, a globally recognized Canadian financial institution with a significant presence across the Americas and a robust standing in the international banking sector. This bond, issued from Canada and denominated in United States Dollars (USD), presents distinct characteristics for potential investors. With a maturity date set for March 30, 2046, it represents a long-term investment opportunity. A key characteristic of this bond is its 0% interest rate, categorizing it as a zero-coupon instrument. Typically, zero-coupon bonds are issued at a discount to their face value, with the investor's return realized from the capital appreciation to the par value at maturity. However, this specific instrument is currently trading at 100% of its face value in the market, implying a zero yield to maturity under current market conditions given its zero-coupon nature. The total size of this particular issue amounts to USD 150,000,000, reflecting a substantial offering in the debt capital markets. Furthermore, the minimum purchase size for this bond is set at USD 250,000, indicating that it is primarily targeted towards institutional investors or high-net-worth individuals.