21 February 2019
Brussels, 21 February 2019 – For immediate release
The Covered Bond Label Foundation (CBLF) is pleased to announce that Landesbank Baden-Württemberg (LBBW) is the latest German issuer to join the Covered Bond Label. Currently, the total number of cover pools under the Covered Bond Label stands at 125 across 18 jurisdictions globally.
Commenting on this latest development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“It is with great pleasure that we welcome LBBW to the Covered Bond Label. With over 200 years of presence in the German banking market, LBBW has proven its commitment to enhancing market transparency in the covered bond space through the label, recognising its value and importance. We are also delighted that this most recent addition reinforces further the increasing prominence of the Label in the German market.”
Commenting on its decision to join the Label, Dr. Christian Ricken, Member of the Board of Managing Directors at LBBW, stated:
“The Covered Bond Label offers core standards in order to increase and harmonise the transparency requirements for covered bonds. LBBW as one of the leading German Pfandbrief issuers is pleased to be part of this initiative. As one of the standard setters in Germany, we aim to offer even more information for investors, regulators and other market participants and to improve their access to the information.”
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 here.
Contact:
Luca Bertalot
Covered Bond Label Foundation (CBLF)
Tel. +32 2 285 40 33
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.
