The Bank of Nova Scotia and Scotiabank Europe plc renewed its US$8 billion euro medium term note programme on December 16, 2002. The arranger was Goldman Sachs International and the dealers for the programme were Barclays Bank PLC, Deutsche Bank AG London, Goldman Sachs International, HSBC Bank plc, Merrill Lynch International, Morgan Stanley & Co. International Limited, Scotia Capital Inc. and UBS AG (acting through its business group UBS Warburg).
On January 24, 2003, The Bank of Nova Scotia issued €750 million of floating rate deposit notes due January 2005 pursuant to the programme. Barclays Bank and Scotia Capital were joint lead managers, and the managers for the offering were Barclays Bank, Scotia Capital, Dresdner Bank AG London Branch, HSBC Bank, Société Générale, West LB AG, BNP Paribas and Daiwa Securities SMBC Europe Limited. The dealers for the offering were Barclays Bank, BNP Paribas, Daiwa Securities SMBC Europe Limited, Dresdner Bank AG London Branch, HSBC Bank, Scotia Capital, Société Générale and WestLB AG.
The Bank of Nova Scotia and Scotiabank Europe were represented by McCarthy Tétrault LLP, with a team that included Barry Ryan and Steven Kim, with tax support provided by Gabrielle Richards and Michael Quigley. In England, Cveta Jovanoska and Tony Smith of Simmons & Simmons in London acted for The Bank of Nova Scotia and Scotiabank Europe. The dealers were represented by Sherry Roth and Erin Needra of Stikeman Elliott LLP in London, with tax support provided by Timothy Hughes in Toronto.