Equitable leads next wave of Canadian covereds

waveflood_Fotolia_230x150
By Bill Thornhill
22 Aug 2019

Canada's Equitable Bank has announced plans to issue its first covered bond, possibly as early as next year. Its decision follows an increase in Canada’s regulatory issuance limit and paves the way for several other smaller Canadian banks to follow suit.

Equitable Bank has selected Barclays and TD Securities to help develop a covered bond funding programme. According to a press release, the “management's goal is to launch the programme as early as 2020,” subject to regulatory approval and market conditions. 

Equitable said it would likely become ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.