iRoadshow helps Equitable Bank achieve two historic milestones

25/04/2024

We're delighted that our iRoadshow online roadshow platform was chosen to help Canada's Equitable Bank complete two milestones: its largest-ever offering of CAD $735 million in legislative covered bonds and the first-ever Social Covered Bond issued by a Canadian bank.

Equitable, Canada's Challenger Bank™, issued the bonds under the Bank's CAD $3.0 billion Global Legislative Covered Bond Programme and the launch represents Equitable's first issuance of a social bond under its Sustainable Bond Framework.

"We're thrilled to mark twin milestones with this issuance as it represents Equitable Bank's largest-ever covered bond offering and the first-ever issuance of a social covered bond by a Canadian bank. Issuing in this size expands our available investor base to include those seeking the enhanced liquidity that benchmark issuances demonstrate, and the record-setting interest reflects growing global appetite for Equitable Bank's unique challenger story," said Chadwick Westlake, chief financial officer.

The issuance was completed with Barclays, DZ BANK, Erste Group, LBBW, RBC Capital Markets, Scotiabank and TD Securities acting as joint bookrunners.

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