/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES/
TORONTO, Sept. 9, 2019 /CNW/ - Scotiabank (BNS: TSX,
NYSE) today announced its intention to redeem all outstanding
3.036% subordinated debentures due October
18, 2024 at 100% of their principal amount plus accrued
interest to the redemption date. The redemption will occur on
October 18, 2019. Formal notice
will be delivered to the debenture holders in accordance with the
terms and conditions set forth in the related trust indenture.
The redemption has been approved by the Office of the
Superintendent of Financial Institutions and will be financed out
of the general funds of Scotiabank. This redemption is part of the
Bank's ongoing management of its Tier 2 capital.
About Scotiabank
Scotiabank is Canada's
international bank and a leading financial services provider in the
Americas. We are dedicated to helping our more than 25 million
customers become better off through a broad range of advice,
products and services, including personal and commercial banking,
wealth management and private banking, corporate and investment
banking, and capital markets. With a team of more than 100,000
employees and assets of over $1
trillion (as at July 31,
2019), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank