Protected: yes Effective: maybe

Covered bonds

coveredbonds-dreesbach-gif

The good news for the European covered bond market is that there have been a number of positive developments in recent months; the bad news is that virtually none of these has emanated from the German Pfandbrief sector which, as comfortably the largest of Europe’s covered bond markets, continues to cast a lengthy shadow over the asset class as a whole.

The issuance figures in 2002 for these heavily collateralised bonds tell the story plainly enough. According to figures published recently by

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: