BNS prices A$100 million tap of September 2023 FRN

Issuer name: Bank of Nova Scotia Australia Branch
Issuer rating: A+/A2/AA-
Issue rating: A-1 (S&P)
Pricing date: 21 September 2022
Settlement date: 29 September 2022
Maturity date: 6 September 2023
Lead manager: Westpac Institutional Bank

Transaction type: senior-unsecured bond
Volume: A$100 million (US$66.9 million)
Total outstanding in the line: A$400 million
Coupon type: FRN
Coupon rate: 3m BBSW +57bp
Issue/re-offer price: 100.01% plus 0.197% accrued
Margin: 51bp/3m BBSW