Bank of Nova Scotia intends to redeem all of the $325 million aggregate principal amount of 5.75% Debentures due May 12, 2014 on May 12, 2009 at par plus accrued and unpaid interest, the bank said Wednesday.
The redemption has been approved by the Office of the Superintendent of Financial Institutions and is part of the bank’s ongoing management of its Tier 2 capital, Scotia said.
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