Equitable Bank Completes 500 Million Euros Covered Bonds Offering

12:16 PM EDT, 10/15/2026 (MT Newswires) -- Equitable Bank (EQB.TO) completed its latest offering of 500 million euros (CA$797 million) of covered bonds, the company said on Thursday. The offering is EQB's seventh bond issue under its CA$3.0 billion Global Legislative Covered Bond Programme, which was launched in 2021. The 500 million euros 3.75% coupon covered bonds were priced to yield 3.789% and will mature on Dec. 7, 2029. The bonds are rated Aa1 by Moody's and AA+ by Fitch, EQB said. "We are pleased with the continued strong investor support for Equitable Bank's covered bond issuance," said Chief Financial Officer Anilisa Sainani. "Alongside the recent acquisition of PC Financial, this issuance is important in our increasingly diversified funding stack, which supports our plans for growth, maintains our strong investment profile and fuels our mission to build a better banking experience for Canadian families and businesses," Sainani added. EQB shares were last seen up CA$0.34 at CA$121.78 on the Toronto Stock Exchange. Price: 121.75, Change: +0.31, Percent Change: +0.25