30 years: Capital markets & covered bonds
There are several different ways to structure covered bonds. In this video, Richard covers the main structures, their implications and why they might be the best option in any given country.
There are several different ways to structure covered bonds. In this video, Richard covers the main structures, their implications and why they might be the best option in any given country.
6 mins 38 secs
There are 4 key structures of covered bonds. All of the models outlined below achieve similar rating uplifts, legally robust segregation, management of assets in insolvency and produce bonds that investors are equally happy to buy – which is used depending on the local legal environment amongst other variables.
Key learning objectives:
Identify and define the key structures of covered bonds
Describe how they work
Outline the key considerations and implications of each model
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07:41