Business Context and Reporting Period
This Form 6-K filing covers the month of May 2015 for The Bank of Nova Scotia ("Bank") and Scotiabank Covered Bond Guarantor Limited Partnership ("Guarantor LP"). The filing serves to incorporate an underwriting agreement by reference into the Registrants' U.S.$15,000,000,000 global covered bond program shelf registration statement (File No. 333-188984).
Key Financial Metrics
The filing details a specific debt issuance rather than general operating performance metrics.
- Debt Issuance: U.S.$300,000,000 aggregate principal amount of covered bonds.
- Interest Rate: 1.850%.
- Maturity: Due 2020.
- Revenue, Profit, Cash Flow, Margins, Liquidity: The filing text does not provide clear values for these operational metrics.
Material Changes
The material change reported is the execution of an underwriting agreement dated May 1, 2015, facilitating the issuance of the aforementioned covered bonds. No comparative financial data or changes versus prior periods are provided in this document.
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the standard incorporation by reference language. The document focuses solely on the mechanics of the bond issuance and the legal agreement between the Bank, the Guarantor LP, Scotia Capital (USA) Inc., and RBC Capital Markets, LLC.
Investor Verification Checklist
- Verify the terms of the U.S.$300 million covered bond issuance (1.850% coupon, 2020 maturity).
- Confirm the status of the U.S.$15 billion global covered bond program shelf registration (File No. 333-188984).
- Review the full Underwriting Agreement (Exhibit 1.2) for covenants and conditions not detailed in this summary.
- Consult the Bank's most recent Form 20-F or 40-F for comprehensive financial statements, as this 6-K does not contain them.