Scotia shows covered bond leadership
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Covered Bonds

Scotia shows covered bond leadership

Bank_of_Nova_Scotia_PA_230x150_170419

Bank of Nova Scotia (BNS) became the first bank outside Europe to issue a deeply negative yielding covered bond in a good size on Wednesday. The transaction provided a beacon for other issuers and was perfectly timed to benefit from a window of market stability between Monday’s and Thursday’s shocking volatility.

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