Scotiabank Announces Redemption of 2.898% Subordinated Debt due August 3, 2022


TORONTO, June 30, 2017 /CNW/ – Scotiabank (BNS: TSX, NYSE) today announced that the Bank intends to redeem all outstanding 2.898% debentures due August 3, 2022 for 100% of their principal amount plus accrued interest to the redemption date. The redemption will occur on August 3, 2017. Formal notice will be delivered to the debenture holders in accordance with the terms and conditions set forth in the related trust indenture.

Scotiabank (CNW Group/Scotiabank)

The redemption has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the general funds of Scotiabank.

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SOURCE Scotiabank