Scotiabank sells about $28 billion of additional loans to covered bond guarantor portfolio
BNS•The Bank of Nova Scotia sold about $28 billion of additional loans and related security to its covered bond guarantor partnership, and repurchased about $0.6 billion of assets from the guarantor.
1. Portfolio changes
The Bank of Nova Scotia sold about $28 billion of additional loans and related security to its covered bond guarantor partnership. It repurchased about $0.6 billion of assets from the guarantor to maintain portfolio performance under the transaction documents. The updated portfolio composition is expected to be reflected in an investor report with a calculation date of Oct. 29, 2026.
