Fairstone Bank of Canada Gets Green Light for Covered Bond Programme

Fairstone Bank of Canada has received approval from the Canada Mortgage and Housing Corporation (CMHC) to establish a CAD $1.5 billion legislative covered bond programme.

The Programme will provide Fairstone Bank with access to a broader institutional investor base, including European investors. Covered bonds have been recognized as a resilient and cost-effective source of funding for financial institutions globally.

Fairstone Bank plans to meet with potential Covered Bond investors during the Fall and expects to pursue its inaugural covered bond issuance in the fourth quarter of 2026.