Equitable Bank, founded in 1970 and headquartered in Toronto, Canada, is a federally regulated financial institution focused on providing personalized banking services to retail clients. The bank offers a range of products, including high-interest savings accounts, mortgages, and GICs, catering to the diverse needs of individuals and families in Canada.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| EQBCN 1.38% 2025-05-27 EUREquitable Bank. | Canada | 2025-05-27 | 1.375 | 0.00 |
| EQBCN 1.88% 2025-11-26 CADEquitable Bank. | Canada | 2025-11-26 | 1.876 | 3.11 |
| EQBCN 1.94% 2025-03-10 CADEquitable Bank. | Canada | 2025-03-10 | 1.939 | 0.00 |
| EQBCN 3.25% 2025-10-06 EUREquitable Bank. | Canada | 2025-10-06 | 3.250 | 2.12 |
| EQBCN 3.36% 2026-03-02 CADEquitable Bank. | Canada | 2026-03-02 | 3.362 | 3.10 |
| EQBCN 3.50% 2027-05-28 EUREquitable Bank. | Canada | 2027-05-28 | 3.500 | 2.32 |
| EQBCN 3.88% 2026-05-28 EUREquitable Bank. | Canada | 2026-05-28 | 3.875 | 2.31 |
| EQBCN 5.16% 2027-01-11 CADEquitable Bank. | Canada | 2027-01-11 | 5.160 | 3.27 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The bank has been active in the bond market since its inception, with notable bond issuances beginning in the 1990s aimed at funding its mortgage lending activities. Recently, Equitable Bank issued $300 million in senior unsecured notes, showcasing competitive yields that often outpace industry averages. This issuance is significant as it strengthens the bank's capital structure and provides liquidity for future growth initiatives, highlighting the institution's commitment to maintaining a robust balance sheet amid evolving market conditions.