Subordinated indebtedness |
3 Months Ended |
|---|---|
Jan. 31, 2023 | |
| Text block [abstract] | |
| Subordinated indebtedness | Note 8. Subordinated indebtedness On January 20, 2023, we issued $1.0 billion principal amount of 5.33% Debentures due January 20, 2033 (subordinated
indebtedness ). The Debentures bear interest at a fixed rate of 5.33% per annum (paid semi-annually) until January 20, 2028, and at Daily Compounded Canadian Overnight Repo Rate Average (CORRA) plus 2.37% per annum (paid quarterly) thereafter until maturity on January 20, 2033. |