Rating Report

Laurentian Bank of Canada (Legislative Covered Bond Programme) - Series CBL1: Rating Report

Covered Bonds

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DBRS Limited (DBRS Morningstar) finalized its provisional rating of AAA on the Covered Bonds, Series CBL1 issued under the Laurentian Bank of Canada (LBC) Legislative Covered Bond Programme. Series CBL1 (CAD 250 million) has a coupon rate of 1.603% and a maturity date of May 6, 2026. All covered bonds issued and to be issued under the Programme rank pari passu with each other.

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