| | | |
|
| Issuer: | | Province of Nova Scotia |
| | | |
| Expected Ratings: | | Moody’s: Aa2; S&P: A+; DBRS: A |
| | | |
| Format: | | SEC Registered Global Offering |
| | | |
| Ranking: | | Direct, unconditional debt |
| | | |
| Aggregate Principal Amount: | | U.S.$ 750,000,000 |
| | | |
| Trade Date: | | July 13, 2010 |
| | | |
| Expected Settlement Date: | | July 21, 2010 (T + 6) |
| | | |
| Maturity: | | July 21, 2015 |
| | | |
| Interest Payment Dates: | | January 21 and July 21 of each year |
| | | |
| First Interest Payment Date: | | January 21, 2011. Interest will accrue from July 21, 2010. |
| | | |
| Spread to Benchmark: | | T + 60.25 basis points |
| | | |
| Spread to Mid-Swaps: | | + 34 basis points |
| | | |
| Benchmark Treasury: | | UST 1.875% due June 30, 2015 |
| | | |
| UST Spot/Yield: | | 100 – 00.25 / 1.873% |
| | | |
| Yield to Maturity: | | 2.476% |
| | | |
| Coupon: | | 2.375% payable semi-annually |
| | | |
| Public Offering Price: | | 99.528% plus accrued interest from July 21, 2010 if settlement occurs after that date |
| | | |
| Day Count: | | 30/360 |
| | | |
| Minimum Denominations: | | U.S.$5,000 and integral multiples of U.S.$1,000 for amounts in excess of U.S.$5,000 |
| | | |
| Joint Lead Managers: | | Banc of America Securities LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC |
| | | |
| Co-managers: | | CIBC World Markets Corp., National Bank Financial Inc., RBC Capital Markets Corporation, Bank of Montreal, London Branch, Barclays Capital Inc., Casgrain & Company (USA) Limited, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. |
| | | |
| Listing: | | Admission to the Official List of the Luxembourg Stock Exchange and to trading on the Euro MTF Market of the Luxembourg Stock Exchange may be completed following settlement on a best efforts basis. |
| | | |
| Cusip#/ISIN#: | | 669827FX0 / US669827FX09 |
| | | |
| Prospectus: | | Prospectus dated June 6, 2002, and Preliminary Prospectus Supplement dated July 12, 2010 |
| | | http://www.sec.gov/Archives/edgar/data/842639/000095012310064967/y85523e424b3.htm
|
| | | |
| Legends: | | A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time. |
| | | |
| | | This communication is intended for the sole use of the person to whom it is provided by us. |
| | | |
| | | The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the |
