12:49 PM EDT, 06/19/2025 (MT Newswires) -- EQB (EQB.TO) on Thursday said it completed an offering of 500-million euros ($789 million) of covered bonds issued under its $3-billion Global Legislative Covered Bond Program. This is Equitable's sixth covered bond issue since the program launched four years ago.

"We are pleased to see continued investor support for Equitable Bank's covered bond program. This program is a key part of our broader funding diversification strategy, enabling us to execute on our mission to drive change in Canadian banking to enrich people's lives," said Andrew Moor, chief executive.

The bonds, with a 2.52% yield, which will mature on Sept. 28, 2028, are rated Aa1 by Moody's and AA+ with a positive outlook by Fitch.

Equitable was last seen up $0.14 to $93.25 on the Toronto Stock Exchange.

Price: 93.23, Change: +0.12, Percent Change: +0.13