BNS breaks silence as Truist breaks into social circle

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By David Rothnie
26 Feb 2021

Bank of Nova Scotia returned to the dollar market with its first new trade in five months this week, after reporting its fiscal first quarter earnings. It was followed by Truist Financial selling an inaugural social bond.

The Canadian lender, rated A2/A-, came to the market on Wednesday with a two-part offering of five year fixed and floating rate notes.

BNS, which is Canada’s third biggest lender, sold a $950m fixed rate tranche at 47bp over US Treasuries and a $350m floater at 54.5bp over ...

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