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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

blue and orange staircase

News: 21 JANUARY 2021

China Cinda (HK)’s USD2 billion multi-tranche guaranteed notes issuance

Allen & Overy has advised the joint lead managers and joint bookrunners in connection with the multi-tranche issuance by China Cinda (2020) I Management Limited, a wholly owned subsidiary of China…

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image of glazed office buildings from ground level

News: 19 JANUARY 2021

A&O ends 2020 with a strong performance in global ECM league tables

A&O has marked the end of Q4 2020 with a strong performance in the ECM league tables; the result of advising on a number of complex, high-value transactions in a wide range of sectors and markets,…

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Close up of a raindrop in a bright green forest floor

News: 15 JANUARY 2021

Bank of China issues its first dual-currency climate transition bonds

Allen & Overy has advised the joint lead managers and joint bookrunners on the inaugural dual-currency climate transition bond offering by Bank of China Limited, Hong Kong Branch.

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Night time cityscape of Indonesia

News: 13 JANUARY 2021

Republic of Indonesia EUR1 billion/USD3 billion SEC-registered offering

Allen & Overy has advised the Republic of Indonesia (the “Republic”) on its SEC-registered global offering of EUR1 billion 1.100% Bonds due 2033, USD1.25 billion 1.850% Bonds due 2031, USD1.25 billion…

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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.