Bank of Nova Scotia today announced that it completed the domestic offering of 13.8 million, 4.5% non-cumulative Preferred Shares Series 14 at a price of $25 per share. The gross proceeds of the offering were $345 million.

The offering was made through a syndicate of investment dealers led by Scotia Capital Inc.

Following the successful sale of the initially announced 12 million Preferred Shares Series 14, the syndicate fully exercised the over-allotment option to purchase an additional 1.8 million shares.

The shares commence trading on the Toronto Stock Exchange today under the symbol BNS.PR.L.