22 March 2018
Brussels, 22 March 2018 – For immediate release
The Covered Bond Label Foundation (CBLF) is delighted to announce that Berlin Hyp has joined the Covered Bond Label. As such, Berlin Hyp becomes the 100th issuer to hold the Label and brings the total number of labelled cover pools to 116.
Commenting on this milestone addition to the Label, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“Welcoming Berlin Hyp, a household name in the German Pfandbrief market and the pioneer of green covered bonds, to the Covered Bond Label is an important milestone which signals the increasing importance of environmentally sustainable finance in the traditional realm of covered bonds. This new addition to the Covered Bond Label family marks a significant step forward in terms of the importance of green finance in the covered bond arena.”
Commenting on the Label, Sven Schukat, Head of Treasury at Berlin Hyp said:
“In labelling our Pfandbriefe with the Covered Bond Label, Berlin Hyp wants to demonstrate again its strong belief in the importance of transparency in capital markets, and especially concerning covered bonds. Furthermore, we are very happy – by becoming a member of the Covered Bond Label family – to further support our appreciated partner, the ECBC”.
To recap, the Covered Bond Label is a quality label, the purpose of which is to highlight the security and quality of covered bonds to investors and to further enhance recognition of and trust in the covered bond asset class.
The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention and disclose their data by publishing the Harmonised Transparency Template (HTT). More information on all labelled issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.