BNS.PR.N Holds up Well on Opening Day

The new BNS 5.25% Perp, announced September 25, which immediately caused a repricing in the market, held up well on opening day, closing at $24.81-82 on heavy volume.

The greenshoe option of 1.8-million shares was fully exercised; thus, this issue has a size of 13.8-million shares.

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