TSX:BNSBanks
Limited Recourse Capital Notes Reset Could Be A Game Changer For Bank of Nova Scotia (TSX:BNS)
The Bank of Nova Scotia has reset the interest rate on its CA$1.25 billion Limited Recourse Capital Notes and matching Additional Tier 1 notes to 5.987% annually from July 27, 2026, while also issuing a series of new senior and subordinated bonds across fixed and floating rate structures.
Together with a CA$10.45 million class action settlement over non-sufficient funds fees, these funding moves highlight how BNS is fine-tuning its capital mix and legal exposures within its broader balance...