BNS prepares to issue SEC covered bond

By Bill Thornhill
28 Aug 2014

Nearly a year after registering its covered bond programme with the US Securities and Exchange Commission, Canadian issuer Bank of Nova Scotia filed its prospectus. The move could well be a precursor to a dollar benchmark issue, of which there have been only two so far this year.

Bank of Nova Scotia filed for SEC registration on May 31 last year, and the Canadian Mortgage Housing Corporation (CMHC) approved its programme on July 22, 2013. SEC approval became effective on September 9, 2013 but it took nearly a year before the prospectus was filed with the ...

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