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Scotiabank Establishes Criteria to Issue Canadian Defense Instruments

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Scotiabank (BNS.TO) said Tuesday it published its Canadian Defence Issuance Framework, which details the criteria for the bank to issue Canadian defense instruments that include bonds.

The framework has also been assessed by Sustainable Fitch, which found that it is aligned with "emerging defence financing market practices and has clear linkage to Canada's defence, security and sovereign capability objectives," a statement said.

"Defence financing is a fast-evolving market where standards are still forming. Publishing this Framework is how we bring discipline and transparency to the capital we deploy in support of Canada's security and industrial capacity," said Brandon Konigsberg, said Scotiabank executive vice president and group treasurer.

Scotiabank shares were last seen down CA$1.26 at CA$128.39 on the Toronto Stock Exchange.

Price: $128.55, Change: $-1.10, Percent Change: -0.85%

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