BNS Australia launches three- and five-year domestic deal

On 29 August, Bank of Nova Scotia Australia Branch (BNS Australia) (A+/Aa2/AA-) launched a new, three- and five-year senior-unsecured Australian dollar deal. The three-year tranche will come in floating-rate format and has indicative price guidance of 78 basis points area over three-month bank bills. The five-year tranche will come in either or both fixed and floating-rate formats and is being marketed at 100 basis points area over swap benchmarks.