Client Work

Equitable Bank successfully completes $300 million Deposit Note Offering

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Overview

Client

Scotia Capital

On April 9, 2024, Equitable Bank announced the successful completion of a $300 million fixed rate deposit note offering. The issuance was completed with CIBC World Markets, Scotia Capital, and TD Securities acting as joint leads and bookrunners, supported by BMO Nesbitt Burns, National Bank Financial, and RBC Dominion Securities as co-managers.

The 2.75-year $300 million deposit note was offered at a 5.16% fixed rate and matures on January 11, 2027.

Fasken advised the dealers with a team comprised of Richard J. Steinberg, Fatima Husnain, and Latoya Brown (Articling Student).

Jurisdiction

  • Ontario

Team

  • Richard J. Steinberg, Partner | M&A, Mining, Toronto, ON, +1 416 865 5443, rsteinberg@fasken.com
  • Fatima Husnain, Associate | Corporate/Commercial, Toronto, ON, +1 416 865 5149, fhusnain@fasken.com
  • Latoya Brown, Associate | Estate Planning, Toronto, ON, +1 416 865 4502, lbrown@fasken.com
Richard J. Steinberg, Partner | M&A, Mining Richard J. Steinberg Partner | M&A, Mining Toronto, ON +1 416 865 5443
Fatima Husnain Toronto Student Fatima Husnain Associate | Corporate/Commercial Toronto, ON +1 416 865 5149
Latoya Brown Toronto Law Student Latoya Brown Associate | Estate Planning Toronto, ON +1 416 865 4502