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News Dec 22, 2017

IFR’s ‘North American Financial Bond Deal of the Year’

Shearman & Sterling recently represented longstanding client The Bank of Nova Scotia in connection with its $1.25 billion Additional Tier 1 (AT1) bond offering, a deal that has just been named “North American Financial Bond Deal of the Year” at the 2017 International Financial Review (IFR) Awards. The groundbreaking offering, the first AT1 offering by a Canadian issuer, received the award for its unique structure, which opened up a path towards offshore U.S. dollar-denominated AT1s for Canadian financial institutions.

Read more about the award.