By Sheri Kasprzak
New York, April 1 - The Bank of Nova Scotia reopened its 2.25% three-year senior notes and its 3.4% five-year senior notes to add $1 billion and $750 million, respectively.
The bank added $1 billion in 2.25% notes due 2013, bringing the total outstanding notes to $2 billion, and $750 million in 3.4% notes due 2015, bringing the total outstanding notes to $2.25 billion.
The 2.25% notes add-on was priced at 100.476 to yield 2.073%, or Treasuries plus 50 basis points. The 3.4% notes add-on was priced at 100.64 to yield 3.254%, or Treasuries plus 70 bps.
The bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., Scotia Capital (USA) Inc., Barclays Capital Inc. and RBC Securities (USA) Inc.
Proceeds will be used for fund general corporate purposes.
| Issuer: | The Bank of Nova Scotia
|
| Issue: | Senior notes
|
| Total amount: | $1.75 billion
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., Scotia Capital (USA) Inc., Barclays Capital Inc., RBC Securities (USA) Inc.
|
| Pricing date: | March 31
|
| Settlement date: | April 7
|
|
|
| Notes due January 2013
|
| Issue: | Three-year senior notes
|
| Amount: | $1 billion reopening
|
| Maturity: | Jan. 22, 2013
|
| Coupon: | 2.25%
|
| Price: | 100.476
|
| Yield: | 2.073%
|
| Spread: | Treasuries plus 50 bps
|
|
|
| Notes due January 2015
|
| Issue: | Five-year senior notes
|
| Amount: | $750 million reopening
|
| Maturity: | Jan. 22, 2015
|
| Coupon: | 3.4%
|
| Price: | 100.64
|
| Yield: | 3.254%
|
| Spread: | Treasuries plus 70 bps
|
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