Commentary & Deal Flow

Fairstone Bank of Canada (Ticker: FBOCAN) rated Baa2 by Moody's and BBB by DBRS has mandated RBC Capital Markets as Arranger and Sole Structuring Advisor, and BMO Capital Markets, DZ Bank, LBBW, Natixis and RBC Capital Markets as Joint Active Bookrunners for an inaugural 3-year € Benchmark soft-bullet Covered Bond.

The Covered Bonds are backed by Canadian residential mortgages, expected to be rated Aa1 by Moody's and AA (high) by DBRS and will be issued under Fairstone Bank of Canada's CAD 1.5bn Global Legislative Covered Bond Program, unconditionally and irrevocably guaranteed as to payments by FBOC Covered Bond (Legislative) Guarantor Limited Partnership (a limited partnership formed under the laws of Ontario).

A series of virtual and physical fixed income meetings will commence during the week of 28-Sep-26, and may be followed by a transaction, subject to market conditions. A Deal Roadshow presentation (slides only) can be accessed at https://dealroadshow.finsight.com/e/FBOC2026.

Investor marketing schedule (Logistics):
28-Sep-26: London (RBCCM/Natixis)
29-Sep-26: Copenhagen (RBCCM)
30-Sep-26: Luxembourg (Natixis)
01-Oct-26: Frankfurt (DZ Bank)