Scotiabank Announces Redemption of US $1,250 million 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes
Scotiabank (NYSE: BNS) has announced plans to redeem all outstanding US $1.25 billion of its 4.900% Fixed Rate Resetting Perpetual Subordinated Additional Tier 1 Capital Notes. The redemption will take place on June 4, 2025, at 100% of the principal amount plus accrued and unpaid interest. The Office of the Superintendent of Financial Institutions has approved this redemption, which will be funded through Scotiabank's general funds. This action is part of the bank's ongoing management of its Tier 1 capital structure.
Scotiabank (NYSE: BNS) ha annunciato l'intenzione di rimborsare tutte le obbligazioni subordinate di tipo Additional Tier 1 a tasso fisso resettable, per un valore complessivo di 1,25 miliardi di dollari USA. Il rimborso avverrà il 4 giugno 2025, al 100% del valore nominale più gli interessi maturati e non ancora pagati. L'Ufficio del Sovrintendente alle Istituzioni Finanziarie ha approvato questa operazione, che sarà finanziata con i fondi generali di Scotiabank. Questa iniziativa fa parte della gestione continua della struttura del capitale Tier 1 della banca.
Scotiabank (NYSE: BNS) ha anunciado planes para redimir todos los US $1.25 mil millones en Notas Perpetuas Subordinadas Adicionales de Nivel 1 con tasa fija reajustable del 4.900%. La redención se realizará el 4 de junio de 2025, al 100% del monto principal más los intereses acumulados y no pagados. La Oficina del Superintendente de Instituciones Financieras ha aprobado esta redención, que se financiará con los fondos generales de Scotiabank. Esta acción forma parte de la gestión continua del banco sobre su estructura de capital de Nivel 1.
스코샤은행 (NYSE: BNS)은 4.900% 고정금리 재설정 영구 후순위 추가 Tier 1 자본 채권 총 12억 5천만 달러 전액 상환 계획을 발표했습니다. 상환은 2025년 6월 4일에 원금 100%와 미지급 이자를 포함하여 이루어집니다. 금융감독원은 이번 상환을 승인했으며, 상환 자금은 스코샤은행의 일반 자금으로 충당됩니다. 이번 조치는 은행의 Tier 1 자본 구조 관리를 위한 지속적인 노력의 일환입니다.
Scotiabank (NYSE : BNS) a annoncé son intention de racheter l'intégralité de ses billets perpétuels subordonnés de catégorie Additional Tier 1 à taux fixe réinitialisable, d'un montant total de 1,25 milliard de dollars US. Le rachat aura lieu le 4 juin 2025, à 100 % du principal plus les intérêts courus et non payés. Le Bureau du surintendant des institutions financières a approuvé ce rachat, qui sera financé par les fonds généraux de Scotiabank. Cette opération s'inscrit dans la gestion continue de la structure du capital de catégorie Tier 1 de la banque.
Scotiabank (NYSE: BNS) hat Pläne angekündigt, alle ausstehenden 1,25 Milliarden US-Dollar seiner 4,900% Festzins-resetfähigen Perpetual Subordinated Additional Tier 1 Capital Notes zurückzuzahlen. Die Rückzahlung erfolgt am 4. Juni 2025 zum Nennwert von 100% zuzüglich aufgelaufener und nicht gezahlter Zinsen. Die Aufsichtsbehörde für Finanzinstitute hat dieser Rückzahlung zugestimmt, die aus den allgemeinen Mitteln von Scotiabank finanziert wird. Diese Maßnahme ist Teil der fortlaufenden Verwaltung der Tier-1-Kapitalstruktur der Bank.
- Full redemption of US $1.25 billion notes demonstrates strong financial position
- Redemption at 100% of principal amount ensures fair treatment of noteholders
- Strategic management of Tier 1 capital structure shows proactive financial planning
- Reduction in Tier 1 capital could impact the bank's capital ratios
- Use of general funds for redemption may reduce available capital for other opportunities
The redemption of the Notes has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the general funds of Scotiabank. The redemption is part of the Bank's ongoing management of its Tier 1 capital.
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SOURCE Scotiabank
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