Scotiabank turns to dollar market with its first green bond

Bank of Nova Scotia is debuting in the green bond market following other Canadian rivals including Royal Bank of Canada.

The Toronto-based lender is selling US$500 million of 3.5-year senior bail-in green bonds, according to people familiar with the transaction, scheduled to be sold later Monday. The notes are being initially marketed at a spread of around 75 basis points over the U.S. Treasury yield curve. Scotiabank is offering its first green bond a month after a panel of experts appointed by the Canadian government released a set of recommendations for bolstering the green and sustainable bond market, which include a set of tax incentives for investors and issuers as well as improving the reporting requirements.

BNP Paribas SA, ING Groep NV, JPMorgan Chase & Co are helping Scotiabank lead the transaction. Earlier this year, RBC sold 500 million euros of five-year senior bail-in green bonds. Issuers so far this year have priced a record US$104.4 billion of global green bonds, compared with US$70.3 billion in the same period a year earlier, according to data compiled by Bloomberg.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

CannTrust’s regulatory breach seen damaging trust in the legal pot marketCannTrust’s sales halt is only going to exacerbate the already chronic problem of product shortages and high prices in the legal market Hahaha. Yeah, that's why. Prohibition2point0 FakeLegalization cannabis
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »

Two people shot in Kensington Market overnightTwo people were taken to hospital with serious but non-life threatening injuries after a shooting in Kensington Market early Monday morning. Nigguz Every damn day... Breaking summer record. When will this stop
Herkunft: CP24 - 🏆 30. / 67 Weiterlesen »