The Bank of Nova Scotia Completes $1.7 Billion Subordinated Debenture Offering

On March 27, 2008, The Bank of Nova Scotia completed a domestic public offering of $1.7 billion of 4.99 per cent Subordinated Debentures due 2018. The offering was made through a group of agents led by Scotia Capital Inc.

McCarthy Tétrault LLP acted for the Bank under the direction of Executive Vice President, General Counsel and Secretary Deborah Alexander, and Senior Legal Counsel Martha Hundert, with a team consisting of Jonathan Grant, Robert Hansen and Barry Ryan (business law), and Gabrielle Richards and Gwendolyn Watson (tax).

The agents were advised in this transaction by Osler, Hoskin & Harcourt LLP with a team that included Steven Smith, Kashif Zaman and Rachel Halperin (business law) and Andrew McGuffin (tax).