Scotiabank Strategy & Financial Objectives
Scotiabank Registered Covered Bond Program
Issuer
Guarantor
Guarantee
Status
Program Size
Ratings
The Bank of Nova Scotia
Scotiabank Covered Bond Guarantor Limited Partnership
Payment of interest and principal in respect of the covered bonds will be irrevocably guaranteed by the
Guarantor. The obligations of the Guarantor under the Covered Bond Guarantee constitute direct
obligations of the Guarantor secured against the assets of the Guarantor, including the Portfolio
The covered bonds will constitute legal, valid and binding direct, unconditional, unsubordinated and
unsecured obligations of the Bank and will rank pari passu with all deposit liabilities of the Bank without
any preference among themselves and at least pari passu with all other unsubordinated and unsecured
obligations of the Bank, present and future
US$25bn
Aaa/AAA/AAA (Moody's / Fitch / DBRS)
First lien uninsured Canadian residential mortgage loans
Cover Pool
Asset Percentage
93% (7% minimum overcollateralization)
Law
Ontario, Canada
SEC Registered
Issuance Format
144A/Reg S (UKLA Listed)
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