Bank of Nova Scotia

  • 10 Nov 2006
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Rating: Aa3/AA-/AA-
Amount: £500m
Maturity: 20 November 2009
Issue price: 99.972
Coupon: three month Libor plus 2bp
Spread at re-offer: three month Libor plus 3bp
Launch date: Thursday 9 November
Payment date: 20 November
Joint books: ABN Amro, Barclays Capital

Bookrunner's comment:

This was oversubscribed, allowing us to price at the tight end of the 3bp to 4bp guidance. The same issuer launched a two year Eu600m trade in June, which trades at 1.5bp on the bid side, and investors have plenty of lines for the credit — 1.5bp is a reasonable premium for the new issue and the extra duration.

Distribution was broad and, as is often the case with sterling deals, UK accounts dominated. But there was also good distribution into Europe and some Asian participation. Financial institutions took the most paper.

  • 10 Nov 2006

All International Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 92.59 388 8.96%
2 Citi 85.30 278 8.25%
3 BofA Securities 63.15 265 6.11%
4 Barclays 58.01 223 5.61%
5 Deutsche Bank 55.74 184 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 60.87 123 14.06%
2 Credit Agricole CIB 28.59 93 6.60%
3 Santander 25.41 90 5.87%
4 JPMorgan 23.88 61 5.52%
5 UniCredit 21.51 103 4.97%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2.07 11 10.42%
2 BofA Securities 1.40 6 7.01%
3 Citi 1.37 7 6.87%
4 Morgan Stanley 1.36 6 6.85%
5 JPMorgan 1.31 7 6.59%