BNS hits dollar covereds as Canadians ramp up retained repo supply

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BNS hits dollar covereds as Canadians ramp up retained repo supply

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Canadian 20 dollars on gray background | yurchello108 - stock.adobe.com

Bank of Nova Scotia issued its first dollar covered bond benchmark since 2016 on Wednesday. The deal follows a series of retained Canadian dollar covered bonds that were pledged to the Bank of Canada after it recently broadened repo eligibility to include the asset class.

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