Scotiabank
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Bank of Nova Scotia deal on Monday would have been tough to execute a day later -
¥33bn note is the first non-US or Canadian dollar tier two deal in five years
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KBN re-establishes access to euros while SEK and NIB print in a tough dollar market
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Issuers are keeping SSA deal flow going as year-end approaches
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Kommuninvest will follow them into dollar bond market on Wednesday
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Bank of Nova Scotia garnered €2bn jumbo size with the shortest Canadian deal but spread widening pressure forces it and SP Mortgage Bank to pay up
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Away from the heavy Canadian issuance in euros this year, Bank of Nova Scotia diversified funding with Kangaroo covered bond
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Issuers moved swiftly to print deals as the SSA market for benchmark bonds reopened this week
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Canadians have dominated covered bond supply this year, especially BNS
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Lack of issuance and attractive levels driving senior sterling flurry
