Posted AT 12:04 PM EST on 16/11/09
Scotiabank keeps debt deals coming
The massive new bond issues coming from Canadian financial institutions speak to the fact that the Street sees this era as a cheap time to borrow. Bank of Nova Scotia stepped forward on Friday with a $1-5-billion sale of five-year notes. The debt featured a 3.35 per cent interest rate, or 66 basis points over the comparable Government of Canada bond. Subsidiary Scotia Capital led the underwriting.
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