23 March 2017
The Covered Bond Label Foundation (CBLF) is pleased to welcome The Bank of Nova Scotia as the latest issuer to join the Covered Bond Label. As of today, the Covered Bond Label has been granted to 104 cover pools belonging to 88 issuers across 16 jurisdictions globally. Consequently, users of the website can now find information on more than 4,400 labelled covered bonds worth over EUR 1.5 trillion.
The Covered Bond Label is a quality Label, of which the primary purpose is to highlight to investors the security and quality of covered bonds, and to further enhance recognition of and trust in the covered bond asset class.
Commenting on this development, Luca Bertalot, Covered Bond Label Foundation (CBLF) Administrator, stated:
“We welcome The Bank of Nova Scotia to the Covered Bond Label and we are delighted by the global interest that the Label continues to receive. We would like to thank the labelled issuer community for its ongoing commitment to always offer up-to-date and meaningful information to our users. This work is critical in allowing the Label to further enhance its status as a global tool.”
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.
The European Covered Bond Council (ECBC) is the platform that brings together covered bond market participants including covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders.
