Financing

Scotiabank: Joint Lead Manager on landmark A$1.75 billion debt offering

August 30, 2018

In August 2018, Scotiabank issued A$1.75 billion of Senior Unsecured AUD Medium Term Notes. This is the AUD market’s largest capital raise from a North American bank in history, and the AUD market’s largest capital raise from a bank since 2011.

 

Transaction highlights:

  • Three tranches: A$500 million 3-Year Floating rate notes, A$1 billion 5-Year Floating Rate Notes and A$250 million 5-Year Fixed Rate Notes

  • A total of 95 investors – 66% from Australia and 32% from Asia

  • The offering introduced 53 new AUD investors

Type  Senior Unsecured Notes 
Tranche  3-Year Floating Rate Notes  5-Year Floating Rate Notes  5-Year Fixed Rate Notes 
Size  A$500 million  A$1 billion  A$250 billion 
Coupon  BBSW+76  BBSW+98  3.20% s.a. 
Maturity  September 7, 2021  September 7, 2023  September 7, 2023 
Yield  N/A  N/A  3.2475 s.a. 

For further information, please contact:

 

Craig Marran

Managing Director and Head, Debt Capital Markets and Derivative Products, Asia Pacific

656-305-8326

craig.marran@scotiabank.com

 

Economics

Global outlook: Latin America

July 3, 2018

View Content Global outlook: Latin America

Equity Research

Driving ROE in the Canadian banking industry

August 15, 2018

View Content Driving ROE in the Canadian banking industry

Financing

Leading in Latin American loan syndications

June 25, 2018

View Content Leading in Latin American loan syndications