Covered bond

EQS-News: OLB successfully optimizes its capital structure by its first issuance of a EUR 170 million Tier 2 bond

Retrieved on: 
Tuesday, January 30, 2024
Senior, UBS, Deutsche Bank, Tier 2, Oldenburgische Landesbank, AT1, Moody's Investors Service, OLB, Covered bond, Security (finance)

Oldenburgische Landesbank AG (OLB) successfully placed its first Tier 2 bond on the capital market on Wednesday, 17 January 2024.

Key Points: 
  • Oldenburgische Landesbank AG (OLB) successfully placed its first Tier 2 bond on the capital market on Wednesday, 17 January 2024.
  • The 10.25NC5.25 bond with a final size of 170 million euros was very well received by investors and 1.6times oversubscribed.
  • After two days of roadshow and positive feedback from core investors OLB decided to move ahead on Wednesday.
  • "With our successful inaugural Tier 2 issuance, we have set another important milestone in our capital market presence.

Turkiye Garanti Bankasi A.S.: Declaration of issuance approval - Borsa İstanbul

Retrieved on: 
Tuesday, July 6, 2021
Banco Bilbao Vizcaya Argentaria, IBEX 35, Stock market, Covered bond, Borsa Istanbul, Bond, Companies, Economies

We have been informed by Borsa stanbul on 2nd July,2021 as a result of the application made to Borsa stanbul on 30 June 2021 , regarding the covered bonds to be traded in the stock market after the issuance of the securities that; covered bonds will be quoted after the delivery of the sales results to Borsa stanbul and it is deemed appropriate to be traded among qualified investors on the Outright Purchases and Sales Market by Borsa Istanbul as of the second business day following the announcement to be made on the Public Disclosure Platform.

Key Points: 
  • We have been informed by Borsa stanbul on 2nd July,2021 as a result of the application made to Borsa stanbul on 30 June 2021 , regarding the covered bonds to be traded in the stock market after the issuance of the securities that; covered bonds will be quoted after the delivery of the sales results to Borsa stanbul and it is deemed appropriate to be traded among qualified investors on the Outright Purchases and Sales Market by Borsa Istanbul as of the second business day following the announcement to be made on the Public Disclosure Platform.
  • In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
  • We declare that our above statements are in conformity with the principles included in the Board's Communiqu, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.
  • Contact Garanti BBVA Investor Relations:

Aegon Bank has set up an additional Covered Bond Program

Retrieved on: 
Monday, May 10, 2021
Banking, Professional services, Finance, Companies, Finance, Aegon N.V., Economy, KNAB, Aegon, Bond, Bank, ING Group, Covered bond

b'Aegon Bank has set up an additional Covered Bond Program, using a Soft Bullet structure.

Key Points: 
  • b'Aegon Bank has set up an additional Covered Bond Program, using a Soft Bullet structure.
  • Any new covered bonds issuances are expected to take place under this program.\nThe new Covered Bond Program will allow further diversification of the debt investor base and enhance flexibility with respect to bond maturities.\nAegon Bank N.V. is part of Aegon the Netherlands and currently operates under two brands: Aegon Bank, an online retail savings bank, and Knab, an online bank for retail and self-employed customers.
  • Aegon Bank N.V. develops savings and investment products, and supports Aegon\xe2\x80\x99s purpose of helping people achieve a lifetime of financial security.
  • Aegon Bank N.V. also offers a platform for funding mortgages for Aegon the Netherlands.

Laurentian Bank receives approval to establish legislative covered bond programme

Retrieved on: 
Wednesday, April 21, 2021
Laurentian Bank of Canada, Canada Mortgage and Housing Corporation, Laurentian, Rania Llewellyn, Bond, Covered bond, System for Electronic Document Analysis and Retrieval, Canada, Government

b'NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\nMONTREAL, April 21, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) (\xe2\x80\x9cLaurentian Bank\xe2\x80\x9d) today announced that it has received approval from Canada Mortgage and Housing Corporation (\xe2\x80\x9cCMHC\xe2\x80\x9d) to establish a CAD 2.0 billion legislative covered bond programme (\xe2\x80\x9cProgramme\xe2\x80\x9d) pursuant to the Canadian Registered Covered Bond Programs Guide, published by CMHC.\nUnder the Programme, Laurentian Bank may, from time to time, issue covered bonds (\xe2\x80\x9cCovered Bonds\xe2\x80\x9d) under such terms and conditions as determined by Laurentian Bank at the time of issuance and in accordance with prevailing market conditions.

Key Points: 
  • b'NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\nMONTREAL, April 21, 2021 (GLOBE NEWSWIRE) -- Laurentian Bank of Canada (TSX: LB) (\xe2\x80\x9cLaurentian Bank\xe2\x80\x9d) today announced that it has received approval from Canada Mortgage and Housing Corporation (\xe2\x80\x9cCMHC\xe2\x80\x9d) to establish a CAD 2.0 billion legislative covered bond programme (\xe2\x80\x9cProgramme\xe2\x80\x9d) pursuant to the Canadian Registered Covered Bond Programs Guide, published by CMHC.\nUnder the Programme, Laurentian Bank may, from time to time, issue covered bonds (\xe2\x80\x9cCovered Bonds\xe2\x80\x9d) under such terms and conditions as determined by Laurentian Bank at the time of issuance and in accordance with prevailing market conditions.
  • The Covered Bonds to be issued by Laurentian Bank will have the benefit of an unconditional and irrevocable guarantee from LBC Covered Bond (Legislative) Guarantor Limited Partnership.\n\xe2\x80\x9cWe are pleased that CMHC has approved Laurentian Bank as a registered issuer and has registered our programme under the Canadian Registered Covered Bond Programme,\xe2\x80\x9d said Rania Llewellyn, President and CEO.
  • Readers should consult our 2020 Annual Report and other documents filed on the SEDAR website ( www.sedar.com ) for additional information about our forward-looking statements and other material aspects of our business.
  • Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the \xe2\x80\x9cGroup\xe2\x80\x9d or the \xe2\x80\x9cBank\xe2\x80\x9d).\nWith more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers.

Benoît Cœuré: Interview with the Association of German Pfandbrief Banks

Retrieved on: 
Thursday, May 9, 2019
Economy, Finance, Money, Financial markets, Pfandbrief, Eurozone, Economy of the European Union, Covered bond, Verband deutscher Pfandbriefbanken, Bank, Euro, Bond

Interview with the Association of German Pfandbrief Banks

Key Points: 
  • Interview with the Association of German Pfandbrief Banks

    Interview with Benot Cur, Member of the Executive Board of the ECB, published on 8 May 2019

    In what context did you first come across Pfandbriefe?

  • Thats when I first came across Pfandbriefe as an important building block of Europes fixed income market.
  • The covered bond purchase programme, for example, has lowered banks funding costs directly and thereby encouraged banks to extend more credit to firms and households at more attractive levels.
  • The ECB also sees merit in the proposed directive serving as a basis for new national legislation on covered bonds.

ECBC Debuts in Japan: Sumitomo Mitsui Banking Corporation Joins the Council

Retrieved on: 
Tuesday, April 23, 2019
Professional services, Banking, Consulting, Finance, Mitsui, Economic history of Japan, Companies, Keiretsu, Zaibatsu, Economy of Japan, Sumitomo Group, Mortgage, European Covered Bond Council, Sumitomo Mitsui Banking Corporation, ECBC, Covered bond

The European Covered Bond Council ( ECBC ) is pleased to announce that Sumitomo Mitsui Banking Corporation, has become the latest member to join the Council, and the first Japanese member.

Key Points: 
  • The European Covered Bond Council ( ECBC ) is pleased to announce that Sumitomo Mitsui Banking Corporation, has become the latest member to join the Council, and the first Japanese member.
  • Commenting on Sumitomo Mitsui Banking Corporations admission as a member, Luca Bertalot, EMF-ECBC Secretary General said:
    We are delighted to welcome Sumitomo Mitsui Banking Corporation as the first Japanese ECBC member.
  • Atsushi Ouchiyama, Sumitomo Mitsui Banking Corporation commented:
    We are highly honoured to become the first Japanese ECBC member.
  • Together with the support from the ECBC, Sumitomo Mitsui Banking Corporation would like to contribute to the development of the Japanese covered bond market which is backed by a $1.6 trillion mortgage market.

Strasbourg Approves the Covered Bond Legislative Package: a Milestone for the Future of the Industry and the Capital Markets Union

Retrieved on: 
Thursday, April 18, 2019
Professional services, Consulting, Finance, Mortgage, European Mortgage Federation, Economy, ECBC, Finance, Covered bond, EMF, European Covered Bond Council, Bond, Mortgage loan, LinkedIn, The Cover

In this context, theEuropean Mortgage Federation - European Covered Bond Council( EMF-ECBC )welcomestheadoption of the Covered Bond Legislative Package, which aims at completing the Capital Markets Union (CMU) in Europe.

Key Points: 
  • In this context, theEuropean Mortgage Federation - European Covered Bond Council( EMF-ECBC )welcomestheadoption of the Covered Bond Legislative Package, which aims at completing the Capital Markets Union (CMU) in Europe.
  • As of April 2019, the ECBC has 121 members across more than 30 active covered bond jurisdictions and many different market segments.
  • The Covered Bond Label Foundation ( CBLF ) was established in 2012 by the European Mortgage Federation European Covered Bond Council ( EMF-ECBC ).
  • For the latest updates from the EMF-ECBC, follow us on Twitter , LinkedIn and YouTube or visit the EMF-ECBC website .

ESAs publish joint EMIR STS standards

Retrieved on: 
Wednesday, December 19, 2018
Corporate law, European Market Infrastructure Regulation, Financial regulation, Systemic risk, Law, Derivative, European System of Financial Supervision, Covered bond, Economy, Economic law

The European Supervisory Authorities (ESAs) published today two joint draft Regulatory Technical Standards (RTS) to amend the RTS on the clearing obligation and risk mitigation techniques for non-cleared OTC derivatives. These standards provide a specific treatment for simple, transparent and standardised (STS) securitisation to ensure a level playing field with covered bonds. They are required for the proper implementation of the European Market Infrastructure Regulation (EMIR) and will amend the current regulation on the clearing obligation and risk mitigation techniques on OTC derivatives not cleared by central counterparties (CCPs).

Key Points: 
  • ESAs publish joint EMIR STS standards

    18 December 2018

    The European Supervisory Authorities (ESAs) published today two joint draft Regulatory Technical Standards (RTS) to amend the RTS on the clearing obligation and risk mitigation techniques for non-cleared OTC derivatives.

  • These standards provide a specific treatment for simple, transparent and standardised (STS) securitisation to ensure a level playing field with covered bonds.
  • In particular, the draft RTS on risk mitigation techniques amend the existing RTS by extending the special treatment currently associated with covered bonds to STS securitisations.
  • Article 42 of Regulation (EU) 2017/2402 (Securitisation Regulation) amended Regulation (EU) No 648/2012 (EMIR) in order to provide a specific treatment for STS Securitisation within the clearing obligation and on risk mitigation techniques on non-cleared OTC derivatives frameworks.

CMHC delivers results for Canadians in first quarter of 2018

Retrieved on: 
Tuesday, May 29, 2018
Economy, Money, Finance, Housing in Canada, United States housing bubble, Loans, Mortgage loan, Insurance, Securitization, Covered bond, Canada Mortgage and Housing Corporation

CMHC also published supplemental data on its Assisted Housing, Securitization and Covered Bonds activities.

Key Points: 
  • CMHC also published supplemental data on its Assisted Housing, Securitization and Covered Bonds activities.
  • New this quarter is an expanded Mortgage Loan Insurance business supplement.
  • For the three months ended March 31, 2018, we:
    Provided mortgage loan insurance for more than 43,000 new units across the country, including over 24,700 rental units.
  • This quarter, we also invested $1 billion to create much-needed housing units for low- and middle-income Canadians across the country."