EQB announces its sixth covered bond issuance since the launch of its covered bond program in 2021. The Euro (EUR) covered bond issuance of Series CBL6 EUR €500M (CAD $789 M) at 2.375% is due September 28, 2028
On June 19, 2025, Equitable Bank (EQB) announced its sixth covered bond issuance since the launch of its covered bond program in 2021. This was the first covered bond issuance by EQB rated Aa1/AA+ (Moody’s/Fitch) and involved a new swap transaction structure. The Euro (EUR) covered bond issuance of Series CBL6 EUR 500,000,000 (CAD $789 million) at 2.375% is due September 28, 2028. The covered bonds were issued under EQB’s CAD $3.0 billion global legislative covered bond program.
Equitable Bank is a Canadian digital bank offering innovative lending and savings solutions through its EQ Bank platform.
McCarthy Tétrault advised EQB with a team led by Marc MacMullin that included Candace Pallone (Financial Services), Tina Benson, Tamas Toezser, Jonathan Leung, Krystel Ametepeh, Meghan Zhang (Business), Jeff Oldewening, and Kathryn Walker (Tax).
