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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

News: 21 JANUARY 2022

Allen & Overy advises J.P. Morgan Asset Management Real Estate on the acquisition of three residential properties

Allen & Overy Paris has advised J.P. Morgan Asset Management Real Estate on the structuring of a real estate investment fund for the acquisition from Emerige of three residential buildings in the…

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woman reading on mobile phone

News: 20 JANUARY 2022

Allen & Overy advises tado on anticipated business combination with GFJ and planned IPO via DE-SPAC

GFJ ESG Acquisition I SE (GFJ), the first German pure play SPAC (special purpose acquisition company) for sustainable technologies, and tado GmbH (tado), a European market leader for intelligent home…

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bank cards sitting on table

News: 12 JANUARY 2022

A&O advises on Checkout.com’s USD1 billion fundraising amid its major US push

Allen & Overy has advised Checkout.com, the global payments processor, on raising USD1 billion in its Series D funding round at a valuation of USD40 billion. Primary investors include Altimeter,…

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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.