22 June 2018
Brussels, 22 June 2018 – For immediate release
The Covered Bond Label Foundation (CBLF) is pleased to announce to have conferred to ABANCA Corporación Bancaria, S.A. the 118th Covered Bond Label. As of today, the total number of issuers with a covered bond Label stands at 102 across 18 jurisdictions globally.
Commenting on this latest development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“The joining of the Covered Bond Label by ABANCA Corporación Bancaria, S.A, an international banking group, underlines the importance of the covered bond label at a global and local level in enduring transparency and comparability in the covered bond market.”
Commenting on ABANCA Corporación Bancaria, S.A. joining the Label, Juan Luis Vargas-Zúñiga Mendoza, ABANCA´s Market Capital, Institutional Management and Distribution General Manager, said:
“By joining the Covered Bond Label we reinforce our commitment to transparency and confidence as a solid foundation upon which we build our relationship with the market, and specifically with the investor community. The Covered Bond Label provide us with an effective platform to improve the awareness regarding the security and quality of our covered bonds programme and our banking activity as a whole.”
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.
This Press Release is available on the Covered Bond Label website.
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.
