Resource Items: publications

Canadian covered bonds are the topic of a reference article by John Mackle in Westlaw Business titled "Covered Bonds: Canadians Do Debt in Europe" (May 26). The article's premise is that with recent Canadian covered bond issues raising billions, "the legal nuances of the covered bond will soon be a topic for discussion in many boardrooms."

The Association of Danish Mortgage Banks represents financial institutions subject to Danish legislation that "use sources of funding such as covered bonds (SDOs), covered mortgage bonds (SDROs) and mortgage bonds (ROs) to grant loans against mortgages on real property."

"From 1 April to 30 April 2010, the Eurosystem purchased eligible covered bonds with a total nominal value of €5,218 million under its covered bond purchase programme (CBPP). Of this total, €1,535 million was accounted for by purchases in the primary market and the remaining €3,683 million by purchases in the secondary market. The total nominal value of all covered bonds purchased by the Eurosystem since the programme was first started stood at €50,116 million on 30 April 2010."

"[T]o all you Government bonds out there — we wanna be like you, we wanna walk like you, talk like you, too."

That comment was written by Deutche Bank's Mauricio Noé, speaking on behalf of covered bonds in language echoing lyrics from Disney's Jungle Book movie.  It is part of a one-page opinion piece that Noé wrote for the April issue of Mortgage Info, which is published by the European Mortgage Federation.