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Sub practice
Sub practice

Covered Bonds

Allen & Overy is the leading legal adviser in the covered bonds market.

Working closely with the authorities, issuers and investment banks on the implementation of domestic legislation across numerous jurisdictions we have a deep appreciation of the issues encountered in the market and have worked on a variety of structures.

As a result, we have advised on covered bond programmes not only in the core markets in Europe but across the globe both for structured and legislative covered bond transactions. We have a particular track record of advising on the first covered bonds programmes in markets, such as advising on the first covered bond programmes in Australia, Greece, Hungary, Italy, Korea, New Zealand, Switzerland and the UK. We have also acted on the establishment of covered bond programmes in Canada, Finland, France, Germany, the Netherlands, Norway, Spain, Sweden and the U.S.

We also work with the broadest range of assets for inclusion in covered bond programmes including social housing loans, infrastructure loans, shipping loans commercial mortgages as well as residential mortgage loans.

News & insights

The India Gate war memorial in New Delhi

News: 07 APRIL 2021

A&O India Group partners recognised as top legal experts in India

Allen & Overy’s India Group practice partners have been recognised again in the India Business Law Journal (IBLJ) A-list, as the top India-focused lawyers at international law firms.

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Building reflection

News: 07 APRIL 2021

A&O advises on EUR2.35 billion loan and high yield bond refinancing by Foncia

Allen & Overy's leveraged finance team has advised the banks in connection with a EUR2.35 billion loan and debut high yield bond refinancing by Foncia, a leading provider of residential real estate…

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Person walking through lobby

News: 26 JANUARY 2021

Komercni banka achieves negative yield on its debut entry to the international debt capital markets

Allen & Overy announced today that it has advised Komercni banka on the establishment of its first EUR5 billion international mortgage covered bond programme and the inaugural issuance and placement…

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Allen & Overy graphic

Publications: 06 MAY 2020

Webinar: Covid-19 coronavirus - accessing central bank funding schemes - eligible collateral and practical points

The A&O team provided an overview of the current funding and purchase schemes that accept asset-backed securities, covered bonds and loan portfolios as collateral. 

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As a result, we have advised on covered bond programmes not only in the core markets in Europe but across the globe both for structured and legislative covered bond transactions.