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ItalianoBond ScotiaBank 0% ( XS2101306327 ) in USD
| Issuer | ScotiaBank | ||
| Market price |  100 % ⇌ |
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| Country |  Canada
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| ISIN code |
 XS2101306327 ( in USD )
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| Interest rate | 0% | ||
| Maturity | 05/02/2060 | ||
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| Minimal amount | 250 000 USD | ||
| Total amount | 420 000 000 USD | ||
| 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. This financial article details a notable bond issuance, identified by the ISIN code XS2101306327, originating from Canada and denominated in US Dollars (USD). The issuer of this long-term debt instrument is The Bank of Nova Scotia, a globally recognized Canadian multinational banking and financial services company, commonly known as Scotiabank. As one of Canada's leading financial institutions, Scotiabank boasts a substantial presence across North America and extends its comprehensive banking, wealth management, and capital markets services across the Americas and beyond, solidifying its standing as a major player in the international financial markets. Currently trading at 100% of its par value, this bond represents a total issuance size of USD 420,000,000. A distinctive characteristic of this instrument is its 0% interest rate, which typically indicates a zero-coupon bond structure, where investors derive their returns from the appreciation of the bond's value from its purchase price to its full par value at maturity, rather than through periodic interest disbursements. Set to mature on February 5, 2060, this bond has a remarkably long tenor, extending for nearly four decades. For potential investors, the minimum purchase size for this bond is established at USD 250,000, positioning it primarily for institutional or high-net-worth investors. Despite the absence of periodic interest payments, a payment frequency of 2 is also reported for this instrument. |
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