Equitable sets sights on three year covered bond

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By Bill Thornhill
11 Feb 2021

Canada’s Equitable Bank has registered its covered bond programme this week. It expects to issue its first transaction in euros at the short end of the curve in the second quarter.

Equitable’s programme was registered as a legal entity under the Canadian Business Corporations Act on Tuesday, suggesting it is well on the way to issuing its first deal, which is expected to be in sub-benchmark size.

The programme will now need to be approved by the Canada Housing and ...

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