1 June 2017
Commenting on this latest development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“The Covered Bond Label is a concrete market-led initiative towards greater harmonisation and transparency in the covered bond market. Sparebanken Sør Boligkreditt’s adhesion builds on the momentum that the Covered Bond Label is gaining in Norway and the commitment to transparency of issuers in that jurisdiction.”
To recap, 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.
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.