6 October 2016
Moreover, the Belgium-based bank’s adhesion to the Label brings the total number of covered bond jurisdictions represented by the Label to 15 and the total number of labelled cover pools to 95.
Commenting on BNP Paribas Fortis’ decision to join the Label, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“We welcome BNP Paribas Fortis as a new labelled issuer. Over recent months we have seen a significant increase in appetite for the Covered Bond Label, from both new countries and from issuers active in jurisdictions already covered. The fact that the Covered Bond Label continues to gain ground in new countries, such as Belgium, shows that issuers and investors around the world see the added value of the improved due diligence and transparency that the Label can provide.”
Information on all Covered Bond Label issuers as well as more information regarding the Covered Bond Label itself can be found at www.coveredbondlabel.com.