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Equitable Group ( (TSE:EQB) ) has shared an update.
Equitable Bank has successfully closed a $350 million fixed rate deposit note issuance, marking its largest issuance in over three years. This transaction, which was oversubscribed by 2.5 times, highlights growing investor confidence in the bank’s strategy and future vision. The issuance, priced at a competitive rate, further strengthens Equitable Bank’s position in the market and supports its ongoing growth and value delivery.
More about Equitable Group
Equitable Bank, known as Canada’s Challenger Bank, is the seventh largest bank by assets in Canada. It focuses on leveraging technology to provide exceptional personal and commercial banking experiences. As a wholly owned subsidiary of EQB Inc., Equitable Bank serves over 700,000 customers and more than six million credit union members, with a mission to drive change in Canadian banking.
YTD Price Performance: 2.59%
Average Trading Volume: 2,165
Technical Sentiment Signal: Sell
Current Market Cap: $2.69B
For detailed information about EQB stock, go to TipRanks’ Stock Analysis page.