News & Analysis

News: Lessons From Outside North America: Ratings News

Global Covered Bond News Roundup - Week Ending August 13

A slow-paced summer week

08/16/2010

Frankly, news was light in the covered bond world during the second week of August, at summer's height.

Most items of covered bond news compiled below have not received longer treatment as individual articles in this publication, often because they relate to geographic areas outside our focus, North America. But we also include links to some articles that we have published separately during the past week — all organized by country.

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News: Lessons From Outside North America: Ratings News: Regulatory Legislative and Legal

Global Covered Bond News Roundup - Week Ending August 6

A tap by Eurohypo . . . a planned auction in Denmark . . . and more

08/07/2010

A Cypress bank issues covered bonds for collateral . . . A professor writes about U.S. covered bonds in the 19th century . . . Eurhypo taps €250 million . . . Caja Madrid to continue repurchases . . . and more

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News: Ratings News: Regulatory Legislative and Legal

Moody's: Covered Bond Bill (H.R. 5823) Positive - But Shortcomings

Negatives include an amendment fragmenting regulatory oversight

08/03/2010

The latest version of U.S. covered bond legislation (H.R. 5823) — which recently won a favorable vote from the House Financial Services Committee (HFSC) — offers both pluses and minuses, according to a comment published by Moody's Investor's Service (August 2).

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News: Issuance: Lessons From Outside North America: Ratings News: Regulatory Legislative and Legal

Global Covered Bond News Roundup - Week Ending July 30

A special update on the prospects for covered bonds in Australia . . . and more

08/01/2010

An Australian lawyer reports on efforts to gain approval for covered bond issuance there . . . a U.S. dollar tap in Canada and a Euro CB tap in France . . . plans for more covered bonds in Korea . . . a step forward for CB legislation in the U.S. . . . and more

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News

Interview with Rep. Scott Garrett on Covered Bond Bill Amendments

FDIC pushback leaves some big issues still in play

07/30/2010

In this exclusive interview, Rep. Scott Garrett (R-NJ) talks with Covered Bond Investor™ about the amendments offered by Rep. Melissa Bean (D-IL) at the markup session for the United States Covered Bond Act of 2010 (H.R. 5823), held July 28.

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News: Regulatory Legislative and Legal

House Committee Casts Favorable Vote for U.S. Covered Bond Bill

Next step could be vote by full House of Representatives

07/28/2010

The latest version of comprehensive U.S. covered bond legislation, H.R. 5823, was reported out of a markup session by a voice vote of the House Financial Services Committee (HFSC) Wednesday evening (July 28).

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News: Issuance

CIBC Taps Existing U.S. Dollar Covered Bond Issues for $1 Billion

Total from U.S.-aimed CIBC CBs has reached $4.25 billion this year

07/28/2010

Canadian Imperial Bank of Canada (CIBC) tapped both of the U.S. dollar-denominated bonds it has issued to date, generating an additional $1 billion (July 27).

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News: Regulatory Legislative and Legal

Realtors Urge Barney Frank to Support U.S. Covered Bond Bill

"[I]t is imperative that all housing finance instruments . . . be utilized"

07/27/2010

The National Association of Realtors® (NAR) has sent a letter to U.S. House Financial Services Committee (HFSC) Chairman Barney Frank (D-MA), urging him to support the revised version of the proposed U.S. Covered Bond Act of 2010 that was introduced in Congress July 22 as H.R. 5823.

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News: Regulatory Legislative and Legal

Revised U.S. Covered Bond Bill - H.R. 5823 - Scheduled for Markup

Potentially significant step toward vote by full House of Representatives

07/24/2010

A revised version of the proposed U.S. Covered Bond Act of 2010 — introduced July 22 in the House of Representatives as H.R. 5823 — has been scheduled for markup on July 27 by the House Financial Services Committee (HFSC).

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News: Issuance: Lessons From Outside North America: Ratings News

Global Covered Bond News Roundup - Week Ending July 23, 2010

A €2 billion issue in Spain; two French taps; an award to Deutsche Bank

07/24/2010

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.

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