Bank of Nova Scotia (NYSE:BNS) says its ~15% KeyCorp stake bought in 2024 for $2.8B will add about C$82M to Q3 net income after funding/reporting lag (adjusted ~C$90M after C$8M amortization), and it set a 5.987% coupon on C$1.25B AT1 notes maturing Jul 27, 2031.
Previous Week Recap
- BNS 15% Stake Adds About C$82M: BNS says its ~15% KeyCorp stake (2024, $2.8B) will add about C$82M to Q3 net income after funding and reporting lag; adjusted contribution ~C$90M after C$8M amortization.
- BNS AT1 Coupon Set: BNS set coupon for its C$1.25B AT1 notes at 5.987% for Jul 27, 2026–Jul 27, 2031; notes carry limited recourse on non-payment.
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