Fairstone Bank closes C$425 million private placement of residential mortgage-backed securities

On April 30, 2026, Fairstone Bank of Canada ("Fairstone Bank") announced the successful issuance of C$425 million of Class A notes, under its Classic RMBS Trust Series 2026‑1, representing the first issuance of the Classic RMBS program since 2022 and the first RMBS transaction completed following its combination with Home Trust Company (“Home Trust”).

The Class A notes were issued in secured, fixed‑rate amortizing form, carry a coupon of 3.777%, a weighted average life forecasted to be approximately 1.7 years, and were rated AAA (sf) by Morningstar DBRS and Aaa (sf) by Moody's Ratings. The final pricing represented one of the tightest levels achieved for a Classic RMBS transaction and came well inside Fairstone Bank's senior unsecured deposit notes, underscoring strong collateral quality and investor confidence.

Further information can be found on Canada Newswire’s website.

Fairstone Bank of Canada and its subsidiaries, including Fairstone Financial Inc. and Home Trust Company, deliver innovative, accessible and reliable financial solutions that enable Canadians to reach their financial goals. In addition, Fairstone Bank and its subsidiaries, offer residential and commercial mortgages, consumer deposits and GICs, retail and automobile financing, credit cards and digital lending, in addition to unsecured and secured personal loans online and at more than 260 branches coast to coast.