Bank of Nova Scotia bond “comment: bail-in,” what does it mean?

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BNS bond’s asking price is $76.319; why is the Loblaws asking price
$107.784 as both pay a similar yield and the same year for maturity.

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Asked on November 8, 2022 9:49 am
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Private answer

The term bail in simply means that in the case of the financial institution being at risk of going under, creditors have to write off some of the debt and in a way assist the company.

In terms of pricing, it's because the Loblaw bond is in CAD, while the Bank of Nova Scotia bond is in USD.

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Posted by Dan Kent
Answered on November 9, 2022 1:15 pm
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