After updating its Sustainable IssuanceFramework with additional categories the Bank of Nova Scotia (Scotiabank) issued a CAD1.25 billion ($870 million) sustainability bond.

Categories added in the new framework include nuclear energy, circular economy-adapted products, production technologies and processes, food security and sustainable food systems.

The issuance received the largest order book on record for Scotiabank in any Canadian dollar issuance at CAD$4.7 billion.

Scotiabank says the six-year note is the first sustainability-labelled bond from a global bank that may allocate proceeds to nuclear energy and is the largest sustainability note by any financial institution or corporate in the Canadian market.

"Large and committed issuer in the Canadian market. Updated framework and allocation to nuclear energy shows that the issuer is innovative and can adapt as the market evolves," said one Sustainable Debt Awards judge.