Darko Mihelic

Doug Young

Ebrahim Poonawala

Gabriel Dechaine

Paul Holden

Sohrab Movahedi

John Aiken

Mario Mendonca

Lemar Persaud

Jill Glaser Shea

Jill Shea

Matthew James Lee

Nigel D'Souza

- The Bank of Nova Scotia filed a 6-K report on **September 15, 2025**, regarding the issuance and sale of **Senior Medium-Term Notes**.  **[9631_0001193125-25-203178_d947673d6k.htm:0]** **[9631_0001193125-25-203178_d947673dex51.htm:0]** **[9631_0001193125-25-203178_d947673dex52.htm:0]** 
- The issuance includes **US$600,000,000 Floating Rate Senior Medium-Term Notes due 2028**, **US$800,000,000 4.043% Fixed-to-Floating Rate Senior Medium-Term Notes due 2028**, and **US$850,000,000 4.338% Fixed-to-Floating Rate Senior Medium-Term Notes due 2031**.  **[9631_0001193125-25-203178_d947673dex51.htm:0]** **[9631_0001193125-25-203178_d947673dex52.htm:0]** 
- The total aggregate principal amount of these Notes issued is **US$2,250,000,000**.  **[9631_0001193125-25-203178_d947673dex51.htm:0]** **[9631_0001193125-25-203178_d947673dex52.htm:0]**

The Bank of Nova Scotia issues US$2.25 billion in Senior Medium-Term Notes

- Bank of Nova Scotia is successfully executing its "value over volume" strategy, leading to balance sheet optimization and improved profitability across segments like Global Banking and Markets (GBM) and International Banking, and is on track to meet or beat its medium-term targets.  **[9631_tx_379964_0]** **[9631_tx_379964_1]** **[9631_tx_379964_9]** 
- The bank has fortified its balance sheet, building **$2 billion** in Allowance for Credit Losses (ACL), with **$1.3 billion** performing, and the ACL ratio is **94 bps**.  **[9631_tx_379964_2]**  Impaired loans decreased this quarter, primarily in Canadian retail, and are expected to continue declining through **2026**.  **[9631_tx_379964_2]** 
- Key business segments are showing positive trends: GBM achieved a **14%** balance sheet reduction with a **29%** increase in fees  **[9631_tx_379964_0]** **[9631_tx_379964_5]** ; International Banking's Return on Equity (ROE) increased by **350 basis points** over the last two years  **[9631_tx_379964_0]** ; Canadian Banking is targeting positive operating leverage by **2026**  **[9631_tx_379964_4]** ; and Wealth Management experienced an **$11 billion** positive shift in fund flows.  **[9631_tx_379964_9]** 
- The bank prioritizes organic growth and is actively engaged in share repurchases through an NCIB, with capital allocation focused on the North American corridor (Canada, U.S., Mexico).  **[9631_tx_379964_6]** **[9631_tx_379964_7]**

Bank of Nova Scotia Discusses Strategic Pivot and Financial Performance

BANK OF NOVA SCOTIA (BNS)