Covered Bonds

• U.K. Banks Look To Covered Bonds 09/03/2010 06:15 PM  

  U.K. banks are turning to the covered bond market as a viable funding tool for their mortgage books, with three deals being announced this week.

• Swedish Issuer Structures Covered Bond 08/27/2010 05:34 PM  

  Swedbank Mortgage, a Swedish lender, has issued a €224 million ($285 million) covered bond denominated in euros and Swedish kronor.

• Natixis MD Joins KPMG Advisory Desk 08/25/2010 06:37 PM  

  Philippe Tapernoux, a London-based managing director, who headed European securitization and covered bonds at Natixis, has moved to KPMG.

• Two Speed Mart Develops In Europe Covered Bonds 08/24/2010 06:09 PM  

  Europe’s covered bond market has split between the strong traditional core covered bond markets and the weaker periphery countries, according to Bernd Volk, head of covered bond and agency research at Deutsche Bank.

• New Broker In London Takes U.S. Buyer Focus 08/11/2010 07:36 PM  

  London-based Odeon Hobart Partners, a newly created broker dealer, plans to structure its own European securitizations in the future but will trade and sell bonds to its U.S. clients for now, according to Mathew Van Alstyne, managing partner.

• Covered Bond Bill Passes Committee 07/29/2010 04:37 PM  

  Covered bond legislation was unanimously approved in the markup of the House Financial Services Committee at 5:30 p.m. yesterday.

• Covered Bond Market Disappointed With Basel III Addition 07/28/2010 05:59 PM  

  The covered bond community is disappointed with the latest revisions to the Bank for International Settlement’s Basel III capital requirements, according to a market official.

• Greek Bank Closes €1 Bln Covered Bond 07/26/2010 01:01 PM  

  Greece’s Alpha Bank has closed a €1 billion ($1.29 billion) four-year covered bond from its €8 billion ($10.33 billion) direct issuance program—the first from the vehicle.

• Covered Bond Mark-Up Set Before Congressional Recess 07/21/2010 08:35 PM  

  The U.S. House of Representatives is scheduled to hold a mark-up on the covered bond legislation originally introduced by Rep. Scott Garrett (R-NJ) on Tuesday and Wednesday of next week.

• Euro Covered Bond Popular With U.S. Buyers 07/14/2010 04:04 PM  

  Syndication officials have successfully placed the latest Compagnie de Financement Foncier covered bond predominately with U.S. investors, one of the biggest deals sold across the pond from a European issuer.