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Equity financing

Scotiabank announces interest rate reset on Fixed Rate Resetting Limited Recourse Capital Notes, Series 1

Lane
Equity financing
Announced
24 Jul 2026
Province
Ontario
Industry
Unclassified
Status
Announced
What the filing says
The Bank of Nova Scotia ("Scotiabank" or the "Bank") (TSX: BNS ) (NYSE: BNS) today announced the interest rate for its $1.25 billion principal amount of 3.70% Fixed Rate Resetting Limited Recourse Capital Notes, Series 1 (Non-Viability Contingent Capital (NVCC)) (Subordinated Indebtedness) (the "Notes") for the five-year period commencing on July 27, 2026.
Consideration
$1.25B
interest rate
5.987% (per annum)“In accordance with the terms of the trust indenture dated June 15, 2021 (the "LRCN Indenture") governing the Notes, the interest rate on the Notes for the period from and including July 27, 2026, to, but excluding, July 27, 2031, will be 5.987% per annum.”
maturity date
2081-07-27“The Notes were issued pursuant to a prospectus supplement dated June 10, 2021, to the Bank's short form base shelf prospectus dated July 21, 2020, and are scheduled to mature on July 27, 2081.”
Source

Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

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