On July 6, 2001, Bank of Nova Scotia established a $2 billion domestic medium term note program. Under this program, the bank may issue notes evidencing up to $2 billion of subordinated debentures with maturities of not less than five years. This is the first shelf prospectus to have been filed by the bank under the new national shelf distribution system.
McCarthy Tétrault LLP represented the bank with a team involving Barry J. Ryan, Jonathan R. Grant, Rasha H. El sissi and Steven R. Kim (business) and Gabrielle M.R. Richards and Michael G. Quigley (tax).