Bond ScotiaBank 0% ( XS2129418245 ) in USD
| Issuer | ScotiaBank | ||
| Market price | |||
| Country | Canada
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| ISIN code |
XS2129418245 ( in USD )
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| Interest rate | 0% | ||
| Maturity | 18/03/2060 | ||
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| Minimal amount | 250 000 USD | ||
| Total amount | 610 000 000 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. A significant debt instrument from The Bank of Nova Scotia, a leading Canadian multinational banking and financial services institution with an extensive global presence and robust credit profile, has been identified under ISIN XS2129418245. This USD-denominated bond, issued from Canada and currently trading at its par value of 100%, forms part of a substantial $610,000,000 total issuance. Notably, this obligation features a zero-coupon structure, meaning it yields no periodic interest payments, with investors receiving the full principal amount solely at its distant maturity date of March 18, 2060. A minimum purchase size of $250,000 positions this long-dated security for institutional or sophisticated investors aiming for a long-term capital allocation within the stable framework of a major Canadian financial entity, prioritizing a deferred principal return over immediate income streams. |
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