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 and insights
News: 09 February 2024
Allen & Overy has advised Banco BPM in relation to the issuance of a series of covered bonds intended for institutional investors for an amount of EUR750 million.
News: 25 January 2024
Allen & Overy has advised financial institutions – Intesa Sanpaolo (IMI CIB division) and UniCredit acting as global coordinators, and Banco Santander, Landesbank Baden-Württemberg, Société Générale…
Publications: 08 July 2022
On 8 July 2022, the Covered Bonds Directive (Directive EU 2019/2162) and its implementing law in Luxembourg, the law of 8 December 2021 (the Covered Bonds Law) entered into force and will impact the…
Publications: 24 May 2022
In April 2022, a bill amending the Czech Act No.190/2004 Coll., on Bonds, as amended (the Czech Act on Bonds) passed the legislative process (the CBD Amendment).