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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

Beijing

News: 04 DECEMBER 2019

The People’s Republic of China issues its largest-ever US dollar sovereign bond

Allen & Overy has advised the joint lead managers in connection with the offering of USD6 billion sovereign bonds by the Ministry of Finance of the People’s Republic of China.

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ALB Philippine Award

News: 29 NOVEMBER 2019

Winning streak continues for Allen & Overy in the Philippines

Allen & Overy wins International Law Firm of the Year for the fourth consecutive year at the ALB Philippine Law Awards 2019

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Publications: 13 NOVEMBER 2019

ASEAN and South Asia Debt Capital Markets: 2019 and beyond

2020 expected to be a spotlight year for ASEAN and South Asia Debt Capital Markets 

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Stock market screen

News: 13 NOVEMBER 2019

The People’s Republic of China issues the first Euro-denominated sovereign bonds in 15 years

Allen & Overy has advised the joint lead managers in connection with the offering of EUR4 billion sovereign bonds by the Ministry of Finance of the People’s Republic of China. This is China’s first Euro-denominated bond issuance in 15 years. 

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A&O building, meeting room

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.