Scotiabank Capital Trust Issues Second Tranche of BaTS II

The Bank of Nova Scotia raised an additional $750 million through a new issue of Scotia BaTS II by Scotiabank Capital Trust on February 13, 2003. The initial offering of Scotia BaTS II occurred on April 30, 2002.

The bank and the trust were represented by McCarthy Tétrault LLP, with a team that included Barry Ryan, Jonathan Grant, Steven Kim and Tara Rosenblatt (corporate) and Gabrielle Richards and Michael Quigley (tax). The syndicate of underwriters, led by Scotia Capital Inc., was represented by Torys LLP with a team that included Blair Keefe, Brian Davis, David Nowak, Thomas Yeo and Rima Ramchandani (corporate) and Jim Welkoff (tax).