Latest news with #EquitableBank
Globe and Mail
a day ago
- Business
- Globe and Mail
Equitable Bank completes successful issuance of €500 million of covered bonds to further funding diversification strategy
TORONTO , June 19, 2025 /CNW/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, is pleased to announce that it has completed its latest offering of €500 million (CAD $789 million ) of covered bonds (the "bonds"). The bonds were issued under the Bank's CAD $3.0 billion Global Legislative Covered Bond Programme (the "program") and represent Equitable's sixth covered bond issuance since the launch of the program in 2021. "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 , president and CEO, Equitable Bank. The €500 million 2.375% coupon covered bonds were priced to yield 2.52% and will mature on September 28, 2028 . The bonds are rated Aa1 by Moody's and AA+ with a positive outlook by Fitch. Inclusive of all costs, covered bonds are the most cost-effective wholesale funding available to the Bank. The issuance was completed with Barclays Bank, Commerzbank, DZ BANK, Erste Group Bank, Landesbank Baden-Württemberg, Scotiabank and TD Bank acting as joint lead managers. In the United Kingdom , this announcement is being distributed only to, and is directed only at, persons who: (A) (i) are "investment professionals" specified in Article 19(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order or (iii) are other persons to whom it may otherwise lawfully be communicated; and (B) are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (all such persons together being referred to as "Relevant Persons"). In the European Economic Area (the "EEA"), this announcement is addressed only to and directed only at, persons in member states who are "qualified investors" within the meaning of Article 2(e) of Regulation ((EU) 2017/1129 ("Qualified Investors"). This announcement must not be acted on or relied on (i) in the United Kingdom , by persons who are not Relevant Persons, and (ii) in any member state of the EEA, by persons who are not Qualified Investors. Any investment or investment activity to which this announcement relates is available only to: (i) in the United Kingdom , Relevant Persons; and (ii) in any member state of the EEA, Qualified Investors, and will be engaged in only with such persons. About Equitable Bank Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and seventh largest bank by assets, it leverages technology to deliver exceptional personal and commercial banking experiences and services to over 742,000 customers and more than six million credit union members through its businesses. It is a wholly owned subsidiary of EQB Inc. (TSX: EQB), a leading digital financial services company with $134 billion in combined assets under management and administration (as at April 30, 2025). Through its digital EQ Bank platform ( its customers have named it one of the top banks in Canada on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. Investor contact: David Wilkes VP and Head of Finance investor_enquiry@ Media contact: Maggie Hall Director, PR & Communications
Cision Canada
a day ago
- Business
- Cision Canada
Equitable Bank completes successful issuance of €500 million of covered bonds to further funding diversification strategy
TORONTO, June 19, 2025 /CNW/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, is pleased to announce that it has completed its latest offering of €500 million (CAD $789 million) of covered bonds (the "bonds"). The bonds were issued under the Bank's CAD $3.0 billion Global Legislative Covered Bond Programme (the "program") and represent Equitable's sixth covered bond issuance since the launch of the program in 2021. "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, president and CEO, Equitable Bank. The €500 million 2.375% coupon covered bonds were priced to yield 2.52% and will mature on September 28, 2028. The bonds are rated Aa1 by Moody's and AA+ with a positive outlook by Fitch. Inclusive of all costs, covered bonds are the most cost-effective wholesale funding available to the Bank. The issuance was completed with Barclays Bank, Commerzbank, DZ BANK, Erste Group Bank, Landesbank Baden-Württemberg, Scotiabank and TD Bank acting as joint lead managers. In the United Kingdom, this announcement is being distributed only to, and is directed only at, persons who: (A) (i) are "investment professionals" specified in Article 19(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order or (iii) are other persons to whom it may otherwise lawfully be communicated; and (B) are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (all such persons together being referred to as "Relevant Persons"). In the European Economic Area (the "EEA"), this announcement is addressed only to and directed only at, persons in member states who are "qualified investors" within the meaning of Article 2(e) of Regulation ((EU) 2017/1129 ("Qualified Investors"). This announcement must not be acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any member state of the EEA, by persons who are not Qualified Investors. Any investment or investment activity to which this announcement relates is available only to: (i) in the United Kingdom, Relevant Persons; and (ii) in any member state of the EEA, Qualified Investors, and will be engaged in only with such persons. About Equitable Bank Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and seventh largest bank by assets, it leverages technology to deliver exceptional personal and commercial banking experiences and services to over 742,000 customers and more than six million credit union members through its businesses. It is a wholly owned subsidiary of EQB Inc. (TSX: EQB), a leading digital financial services company with $134 billion in combined assets under management and administration (as at April 30, 2025). Through its digital EQ Bank platform ( its customers have named it one of the top banks in Canada on the Forbes World's Best Banks list since 2021. Investor contact: David Wilkes VP and Head of Finance [email protected] Media contact: Maggie Hall Director, PR & Communications [email protected]
The Market Online
15-05-2025
- Business
- The Market Online
EQB unveils EQ Bank Tower as new national headquarters in Toronto
EQB Inc. (TSX:EQB), the parent company of Equitable Bank has officially opened the doors to its new national headquarters, the EQ Bank Tower in Toronto Spanning 25,800 square metres across 13 floors, the new headquarters is a bold statement of the bank's commitment to innovation, sustainability, and people-centric design The tower boasts a modern, sustainable design, with interiors furnished exclusively by Canadian manufacturers EQB stock (TSX:EQB) opened trading at C$97.48 EQB Inc. (TSX:EQB), the parent company of Equitable Bank—self-proclaimed as Canada's Challenger Bank—has officially opened the doors to its new national headquarters, the EQ Bank Tower, located at 25 Ontario Street in Toronto's Downtown East, the traditional financial district. The unveiling of the 24-storey tower marks a significant milestone in Equitable Bank's evolution as a digital-first financial institution. Spanning 25,800 square metres across 13 floors, the new headquarters is a bold statement of the bank's commitment to innovation, sustainability, and people-centric design. The tower boasts a modern, sustainable design, with interiors furnished exclusively by Canadian manufacturers. It has already achieved LEED Gold Core and Shell certification, with additional certifications in progress, including LEED Interior Design and Construction (ID+C), LEED Operations and Maintenance (O+M), and the WELL Building Standard. The WELL Optimization for Accessibility and Universal Design is also underway, underscoring the bank's commitment to inclusivity and wellness. Many aspects of the building were thoughtfully curated with the intent to enhance employee well-being and productivity. From lighting systems that align with natural circadian rhythms to restorative spaces designed to support mental health, the EQ Bank Tower is a workplace built with purpose. 'The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives,' EQB's president and CEO, Andrew Moor said in a news release. 'We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve.' EQB Inc. is a digital financial services company, with combined assets under management and administration. Through its subsidiary, Equitable Bank, offers banking services. It operates through two main divisions: Personal Banking and Commercial Banking. EQB stock (TSX:EQB) opened trading 0.65 per cent lower at C$97.48 at and has risen 13.81 per cent since this time last year. Join the discussion: Find out what everybody's saying about this stock on the EQB Bullboard, and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
15-05-2025
- Business
- Yahoo
EQ Bank Tower unveiled, marking ambitious new chapter for Canada's Challenger Bank
Located in Toronto's Downtown East core, EQ Bank Tower serves as new, innovative national headquarters TORONTO, May 15, 2025 /CNW/ - EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank™, is proud to announce the opening of the EQ Bank Tower at 25 Ontario Street, its new national headquarters. Situated in Toronto's vibrant Downtown East, the opening marks Equitable Bank's rapid growth and continued investment in its mission to drive change in Canadian banking to enrich people's lives. The location reflects Equitable Bank's identity as a digital-first challenger bank, intentionally positioned outside Toronto's traditional banking hub, yet central and accessible to all. Spanning 277,988 square feet across 13 floors of the 24-storey tower, the space features a modern, sustainable design and is intentionally outfitted with furniture and fittings from Canadian manufacturers. "The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, EQB. "We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve." The tower is certified LEED® (Leadership in Energy and Environmental Design) Gold CS (Core and Shell), with the additional LEED® ID+C (Interior Design and Construction), LEED® O+M (Operations and Maintenance), and WELL Building Standard, including the WELL Optimization for Accessibility and Universal Design, certification currently in progress for tenant floors. Every element of the new headquarters was intentionally considered to create a workplace that prioritizes people and purpose, from the lighting designed to support natural circadian rhythms to restorative spaces that promote mental health. "The EQ Bank Tower has been designed to support our talented Challengers by creating a work environment that inspires creativity, bold thinking and the ambition that's crucial to pursuing untapped opportunities traditional banking has yet to explore," said Gavin Stanley, SVP and CHRO, EQB. "We are more equipped than ever to keep nurturing top talent who are driven by their desire to make a positive impact in the lives of Canadians." As Equitable Bank enters its next phase of growth, the EQ Bank Tower stands as a symbol of its commitment to people, progress, and a future where all Canadians have access to a more open, innovative and rewarding banking experience. About EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. Media Contact:Maggie HallDirector, PR & View original content to download multimedia: SOURCE EQB Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-05-2025
- Business
- Cision Canada
EQ Bank Tower unveiled, marking ambitious new chapter for Canada's Challenger Bank
TORONTO, May 15, 2025 /CNW/ - EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank ™, is proud to announce the opening of the EQ Bank Tower at 25 Ontario Street, its new national headquarters. Situated in Toronto's vibrant Downtown East, the opening marks Equitable Bank's rapid growth and continued investment in its mission to drive change in Canadian banking to enrich people's lives. The location reflects Equitable Bank's identity as a digital-first challenger bank, intentionally positioned outside Toronto's traditional banking hub, yet central and accessible to all. Spanning 277,988 square feet across 13 floors of the 24-storey tower, the space features a modern, sustainable design and is intentionally outfitted with furniture and fittings from Canadian manufacturers. "The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, EQB. "We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve." The tower is certified LEED ® (Leadership in Energy and Environmental Design) Gold CS (Core and Shell), with the additional LEED ® ID+C (Interior Design and Construction), LEED ® O+M (Operations and Maintenance), and WELL Building Standard, including the WELL Optimization for Accessibility and Universal Design, certification currently in progress for tenant floors. Every element of the new headquarters was intentionally considered to create a workplace that prioritizes people and purpose, from the lighting designed to support natural circadian rhythms to restorative spaces that promote mental health. "The EQ Bank Tower has been designed to support our talented Challengers by creating a work environment that inspires creativity, bold thinking and the ambition that's crucial to pursuing untapped opportunities traditional banking has yet to explore," said Gavin Stanley, SVP and CHRO, EQB. "We are more equipped than ever to keep nurturing top talent who are driven by their desire to make a positive impact in the lives of Canadians." As Equitable Bank enters its next phase of growth, the EQ Bank Tower stands as a symbol of its commitment to people, progress, and a future where all Canadians have access to a more open, innovative and rewarding banking experience. About EQB Inc. EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. SOURCE EQB Inc.
