Resource Items: issuance documents

Library: Issuance Documents

Bank of Nova Scotia Covered Bond Program Prospectus

Legal document related to BNS' recent $2.5 billion CB issue

07/25/2010

Bank of Nova Scotia (BNS) kicked off its covered bond program on July 15 with a three-year, U.S. dollar-denominated covered bond in the amount of $2.5 billion, under its US $15 billion covered bond program. The Prospectus (dated July 19) set forth legal terms establishing the program.

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Library: Issuance Documents

CIBC $1.25 Billion Covered Bond - Final Terms (Released July 5)

Contractual terms for CIBC's second U.S. dollar covered bond issue

07/05/2010

This eight-page legal document (released July 5, dated June 25) contains the contractual terms and other information regarding the second U.S. dollar-denominated covered bond issue of Canadian Imperial Bank of Commerce (CIBC), in the amount of $1.25 billion, under its €8 billion Global Public Sector Covered Bond Program. The bonds are not offered to any U.S. person or address in the U.S. except to Qualified Institutional Buyers.

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Library: Issuance Documents

DBRS' AAA Rating for CIBC's Second Swiss Franc Covered Bond

Agency's announcement sets forth basis for rating of Series CB6

06/30/2010

Canadian Imperial Bank of Canada (CIBC) priced its second Swiss Franc-denominated covered bond on June 2, 2010. This two-page public announcement from rating agency DBRS (June 30) describes the basis for the agency's rating of AAA for that 500 million Swiss Franc issue.

To download a PDF of "DBRS Assigns Rating of AAA to CIBC Covered Bonds, Series CB6," click on "20100630 DBRS CIBC CHF" under "Attachment," below.

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Library: Issuance Documents

Bank of Montreal (BMO) Covered Bond - Final Terms (June 8)

Contractual terms for BMO's US $2 billion issue

06/10/2010

This eleven-page legal document (dated June 8) contains the contractual terms and other information regarding Bank of Montreal's (BMO) US $2 billion dollar covered bond issue (priced June 2) under its new €7 billion covered bond program. The bonds are not offered to any U.S. person or address in the U.S. except to Qualified Institutional Buyers.

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Library: Issuance Documents

Bank of Montreal (BMO) Covered Bond Program Prospectus

Legal underpinning of BMO's new €7 billion program

06/08/2010

Bank of Montreal (BMO) recently (June 6) became the third Canadian bank to issue a covered bond denominated in U.S. dollars. This prospectus constitutes the legal underpinning for BMO's €7 billion covered bond program. The prospectus is not intended for distribution to any U.S. person or address in the U.S. except to Qualified Institutional Buyers.

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Library: Issuance Documents

RBC U.S. Dollar Covered Bond Issue - Investor Data

"Transaction Review" includes breakdown by investor type, region

05/26/2010

Royal Bank of Canada (RBC) has now released a "Transaction Review" of its April 7 U.S. dollar-denominated covered bond issue for publication by Covered Bond Investor™. (Public release of such reports is often delayed for a period after the bond issuance for reasons related to U.S. securities laws.)

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Library: Issuance Documents: Regulatory Legislative and Legal

Toronto-Dominion Bank Covered Bond Program Prospectus

Legal document establishes new program's terms and structure

04/30/2010

In April, Toronto-Dominion (TD) announced that it was joining other prominent Canadian banks in establishing a covered bond program. TD's prospectus (April 26) describes the program in detail, including a graphic of its structure.

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Library: Issuance Documents

CIBC USD $2 Billion Covered Bond "Final Terms"

Document for first U.S. dollar CB issuance by a Canadian bank

02/04/2010

In January, Canadian Imperial Bank of Commerce (CIBC) made history when it became the first Canadian bank to issue a covered bond denominated in U.S. dollars. The $2 billion issuance - made under CIBC's existing €8 billion covered bond program - was well received and considered a strong success.

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Library: Issuance Documents

Lloyds TSB Bank plc "Final Terms" for Covered Bond Issue

£2 billion Series 2009-1 Floating Rate, due 2018

05/14/2009

This Final Terms document is offered for educational purposes only, as an example of covered issue final terms.

To download the PDF, click on "20090511 Lloyds TSB Final Terms" under "Attachment" below.

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Library: Issuance Documents

WaMu Covered Bond ‘Investor Reports’

JPMorgan archive has monthly data back to February 2007

01/06/2009

If you would like to see an example of a covered bond issuer’s monthly reporting, including detailed data on the cover pool, this is a good place to start. The particular covered bonds that are the subject of these reports also have historical significance, since they were a “first” for the U.S. when Washington Mutual introduced them in 2006. Of course, they are now under the aegis of JPMorgan, on whose website these reports currently reside.

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