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Laurentian Bank of Canada T.LB

Alternate Symbol(s):  LRCDF | LAUCF | T.LB.PR.H

Laurentian Bank of Canada (the Bank) is a Canada-based provider of financial services to its personal, commercial and institutional customers. The Bank operates in Canada and the United States. Its segments include Personal Banking, Commercial Banking and Capital Markets. The Personal Banking segment caters to the financial needs of retail clients. The Commercial Banking segment caters to the financial needs of business clients across Canada and in the United States and provides commercial banking, real estate financing, and equipment and inventory financing. The Capital Markets segment provides a range of services, including research, market analysis and advisory services, corporate underwriting for debt and equity, and administrative services. The Bank's clients can access its offering of financial advice, products and services through a network of branches in Quebec. The Bank offers a digital direct-to-customer platform to all Canadians. The Bank has approximately 57 branches.


TSX:LB - Post by User

Bullboard Posts
Comment by canaderon Aug 22, 2018 11:17am
124 Views
Post# 28499094

RE:RE:Covered Bond Issuers in Canada

RE:RE:Covered Bond Issuers in CanadaAnother form of funding for non-CMHC funded/backed mortgages

Like other forms of secured funding, covered bonds are collateralized, typically by a segregated pool of high-quality assets. (IE:Mortgages/Houses as collateral)

https://www.bankofcanada.ca/wp-content/uploads/2018/06/fsr-june18-ahnert.pdf


whodathunkit wrote:
athec wrote:
CMHC announced yesterday that HSBC Bank Canada has become the 8th registered issuer of covered bonds in Canada.

https://www.cmhc-schl.gc.ca/en/finance-and-investing/canadian-registered-covered-bonds/canadian-covered-bonds-registry/canadian-covered-bond-program-hsbc-bank-canada

More issuers to be announced? I would bet on it. (I have already, LOL)

THIS BAD NEWS FOR A SELECT GROUP OF PEOPLE IN BOSTON, NEW YORK, AND CALIFORNIA
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.hcg&postid=28491259#M2h4MjsiZ356X7gm.99


I'm not big on bonds.  So, what's a covered bond?

Cheers.


Bullboard Posts