Citibank Named New Bond Agent for Bank of Nova Scotia (BNS)

The Bank of Nova Scotia (NYSE:BNS) is one of the best Goldman Sachs bank stocks. On September 16, the bank announced adjustments to its agents and registrars handling existing bond issues, with changes commencing from September 29, 2025.

The regulatory filing mentioned that Scotiabank’s London Branch will give up its duties as Paying Agent, Transfer Agent, and Registrar for existing bonds, and they will be taken over by Citibank’s London Branch. Moreover, Bank of Nova Scotia’s New York Agency will also withdraw from its functions as Paying Agent, Transfer Agent, Registrar, and Exchange Agent, succeeded by Citibank Europe Plc.

The disclosure confirmed that UBS AG will continue acting as Swiss Paying Agent for the bank’s CHF issues.

The changes include a range of the bank’s covered bonds, including euro bonds with maturities from 2026 to 2041, pound-linked floating rate notes due in 2026, US dollar bonds maturing in 2026 and 2027, and Swiss franc bonds maturing between 2025 and 2029.

Altogether, the affected bonds total EUR 7.56 billion, GBP 2.6 billion, USD 5.75 billion, and CHF 1.36 billion across multiple rates and maturity schedules.

The Bank of Nova Scotia (NYSE:BNS) is a Toronto-based bank that provides personal banking services and business banking solutions such as lending and trade finance.

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