Bank of Novia Scotia plans euro covered bond -lead

LONDON | Tue Jan 15, 2008 3:24am EST

LONDON Jan 15 (Reuters) - The Bank of Nova Scotia (BNS.TO) plans to sell a euro benchmark covered bond, an official at one of the banks managing the sale said on Tuesday.

Barclays Capital, BNP Paribas, Deutsche Bank and Scotia Capital are managing the sale of the bond, which is backed by residential mortgages and will follow a roadshow planned for the week of Jan. 21, the official said.

Bank of Nova Scotia is rated AA- by both Standard & Poor's and Fitch Ratings and Aa1 by Moody's Investors Service.

(Reporting by Natalie Harrison)

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