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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

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News: 16 SEPTEMBER 2021

Allen & Overy advises Oesterreichische Kontrollbank on USD1.75 bn notes issue

Allen & Overy has advised Oesterreichische Kontrollbank on legal aspects of its issue of USD1.75 billion 0.500% guaranteed global notes due 2024. The notes are guaranteed by the Republic of Austria…

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Forest, green trees

News: 15 SEPTEMBER 2021

Allen & Overy’s ICM Practice Advises on USD500M Sustainability-Linked Bond Issuance for Suzano

Allen & Overy’s International Capital Markets practice advised a syndicate of 10 underwriters in connection with a USD500 million sustainability-linked bond issuance for Suzano S.A. 

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News: 02 SEPTEMBER 2021

Allen & Overy bolsters Latin America expertise with return of partner David Flechner

Allen & Overy today announced that David Flechner has returned to the firm as a partner in the Latin American practice. David joins from Paul Hastings LLP, where he was a partner in their Capital…

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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.