Bank of Nova Scotia appoints Citibank as new agent for bonds

Published 16/09/2025, 16:14
© Reuters.

LONDON - The Bank of Nova Scotia announced Tuesday that it is changing several of its agents and registrars for its existing bond securities, effective September 29, 2025.

According to a regulatory announcement, Bank of Nova Scotia’s London Branch will resign from its role as Principal Paying Agent, Transfer Agent and Registrar for the bank’s existing bonds. Citibank, N.A., London Branch, will take over these responsibilities as the successor.

Additionally, the Bank of Nova Scotia’s New York Agency will step down from its position as Paying Agent, Transfer Agent, Registrar and Exchange Agent. Citibank Europe Plc has been appointed to succeed in these roles.

The announcement noted that UBS AG will continue to serve as Swiss Paying Agent for the bank’s CHF-denominated covered bonds.

The changes affect multiple series of the bank’s covered bonds, including euro-denominated bonds maturing between 2026 and 2041, British pound floating rate bonds due in 2026, U.S. dollar bonds maturing in 2026 and 2027, and Swiss franc bonds with maturities ranging from 2025 to 2029.

The total value of the affected bonds includes EUR 7.56 billion, GBP 2.6 billion, USD 5.75 billion, and CHF 1.36 billion across various interest rates and maturity dates.

This information was provided in a regulatory announcement released by the Bank of Nova Scotia.

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