Laurentian seeks 'peculiar' covered and capital funding double

Canada FA 230
By Bill Thornhill
29 Apr 2021

Laurentian Bank has wasted little time getting its newly set up covered bond programme a top rating with DBRS and is now undertaking a roadshow with plans to sell its first deal in Canadian dollars. It is also looking at subordinated issuance in local currency.

After receiving approval from the Canadian Mortgage and Housing Corporation last week DBRS assigned a provisional AAA rating to its covered bond programme earlier this week.

It has since mandated Royal Bank of Canada for a roadshow with a view to issuing its first covered ...

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