EQB Inc. Sells C$200M of Limited Recourse Capital Notes

Canada’s EQB Inc., a bank holding company, sold C$200 million ($146 million) of additional tier one securities on Monday, according to people with knowledge of the matter and confirming an earlier Bloomberg report.

The deal was priced at a yield 3.65 percentage points above the government curve, compared with initial talk in the 3.75 percentage point area, the people said, asking not to be identified as they aren’t authorized to speak publicly. As many as 38 buyers put in orders more than three times the size of the deal, they added.