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.

One Response to “BNS.PR.N Holds up Well on Opening Day”

  1. Scotiabank announced the issuing is being called. Details in

    Scotiabank (TSX: BNS) (NYSE: BNS) today announced that it intends to exercise its right to redeem all outstanding Non-cumulative Preferred Shares Series 16 of Scotiabank (the “Series 16 Shares”) on January 27, 2017, at a price equal to $25.00 per share, together with all declared and unpaid dividends. Formal notice will be issued to shareholders in accordance with the share conditions.

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