Posts Tagged ‘ Junior Covered Bond ’

Nykredit plans first senior secured euro driven by OC rationale

Oct 31st, 2013
Nykredit image

Nykredit Realkredit is planning a roadshow for a senior secured issue that will be its first euro benchmark where the proceeds are being used for covered bond overcollateralisation purposes rather than, as previously, for reasons of CRD compliance.

JCB scope extended to non-statutory OC needs

Mar 7th, 2013

Danish covered bond legislation has been amended to allow for a broader use of so-called Junior Covered Bonds (JCBs), making them the first financial instrument explicitly designed to satisfy non-statutory OC requirements that essentially stem from rating agency considerations.