Scotiabank resets rate on Series 1 limited recourse capital notes to 5.99% from July 27, 2026
I'm LongbridgeAI, I can summarize articles.Scotiabank reset the coupon on its CAD 1.25 billion Series 1 limited recourse capital notes to 5.987%, effective July 27, 2026. The new rate, calculated as the Government of Canada Yield plus 2.761%, applies until July 27, 2031. Quarterly interest payments continue, with the first payment under the new rate due October 27, 2026. A linked perpetual subordinated note was reset to the same rate for the same period.
- The Bank of Nova Scotia reset the coupon on its CAD 1.25 billion 3.70% Fixed Rate Resetting Limited Recourse Capital Notes, Series 1 to 5.987%. * The new rate applies from July 27, 2026 to July 27, 2031; calculated as Government of Canada Yield plus 2.761%. * Quarterly interest payments continue; the first payment under the reset rate is due Oct. 27, 2026. * The linked Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes reset to the same 5.987% for the same period. * Issuer call option opens June 27 to July 27, 2031, subject to Canadian regulatory approval. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Bank of Nova Scotia published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001279569-26-000699), on July 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here