Ratings News

BBVA scores a solid (though wide) Spanish CB issue . . . CFF and CIF Euromortgage tap existing issues . . . hopes for Australian covered bonds in 2011 ... and more

Some items of covered bond news do not rate their own story in this publication — often because they relate to geographic areas outside our focus, North America.  Even so, readers who want to keep up with covered bond news in general might find them interesting.

While Bank of Nova Scotia's US $2.5 billion covered bond was making headlines on this side of the Atlantic, Europe's covered bond items were mostly limited to ratings news.

Trouble in Denmark (with Basel III) ... covered bond stalwarts Crédit Agricole and LBBW price new issues, along with a debut from Korea Housing Finance Corp. ... and more

Some items of covered bond news do not rate their own story in this publication — often because they relate to geographic areas outside our focus, North America.  Even so, readers who want to keep up with covered bond news in general might find them interesting.

HSH Nordbank prices a three-year issue ... regulatory resistance in Australia ... European issuers urged to pitch CBs in the U.S. ... and more

Some items of covered bond news do not rate their own story in this publication — often because they relate to geographic areas outside our focus, North America.  Even so, readers who want to keep up with covered bond news in general might find them interesting.

One Italian bank's covered bond pricing reportedly prompts postponement by another ... Bayerische Landesbank, HSH Nordbank and Banco Santander's Abbey launch ... National Bank of Greece sets up another CB program ... and more

Some items of covered bond news do not rate their own story in this publication — often because they relate to geographic areas outside our focus, North America.  Even so, readers who want to keep up with covered bond news in general might find them interesting.

Covered bond issues from Denmark, France, Germany, the Netherlands, New Zealand, Norway and the UK ... more Australian-owned banks expected to follow BNZ's example ... Korea's second CB on the horizon ... a panel on covered bonds' future ... and more

Some items of covered bond news do not rate their own story in this publication — often because they relate to geographic areas outside our focus, North America.  Even so, readers who want to keep up with covered bond news in general might find them interesting.

Covered bond issues from Austria, Finland, France, Germany, Sweden and UK, including RBS debut ... Moody's calls new Bank of New Zealand program "credit positive" ... and more

Some items of covered bond news do not rate their own story in this publication — often because they relate to geographic areas outside our focus, North America.  Even so, readers who want to keep up with covered bond news in general might find them interesting.

BNP Paribas, Credit Mutuel Arkea, Dexia and others issue covered bonds ... Bank of New Zealand signals readiness for maiden CB voyage ... and more

Some items of covered bond news do not rate their own story in this publication — often because they relate to geographic areas outside our focus, North America.  Even so, readers who want to keep up with covered bond news in general might find them interesting.

Canadian Imperial Bank of Commerce (CIBC) issued a seven-year mortgage covered bond denominated in Swiss Francs (CHF) this week (June 2), reportedly making CIBC the largest single-tranche foreign CHF covered bond issuer since 2006.

Pricing was at 10 basis points over mid-swaps.

Fitch Ratings announced (June 3) that it affirmed at 'AA+' the rating of the mortgage covered bonds issued by WM Covered Bond Program.

Fitch has rated the bonds 'AA+' by since December 2008, when it upgraded them from 'AA-' after sponsorship of the covered program was transferred to JP Morgan from now-defunct Washington Mutual in the wake of the global financial crisis.