BNS follows results with sterling TLAC debut

Sterling_coin_graph_Adobe_230x150
By Tyler Davies
27 Nov 2019

Bank of Nova Scotia returned to the sterling market for the first time in more than a year on Wednesday, when it sold its first total loss-absorbing capacity (TLAC) compliant senior bonds in the currency a day after reporting its full year results.

The Canadian bank hired HSBC, Lloyds, RBC Capital Markets and Scotiabank to arrange the sale of a four year senior bond.

The syndicate group opened the pricing in the 100bp-105bp over Gilts and was able to clock up about £450m of orders within an hour ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.