Equitable Group (TSE:EQB) has released an update.
EQB Inc. has successfully launched a $150 million offering of 8.000% Limited Recourse Capital Notes (LRCNs), witnessing an impressive 4x oversubscription that highlights its strong market position and investor confidence. The funds from these notes, maturing in 2084 with a semi-annual interest payment, are aimed at strengthening EQB’s balance sheet and will be used for general banking purposes, including potential redemption of capital securities. This strategic move showcases EQB’s commitment to enriching lives through innovative banking solutions and solidifying its financial foundation.
For further insights into TSE:EQB stock, check out TipRanks’ Stock Analysis page.
