19 March 2020
Brussels, 19 March 2020 – For immediate release
The Covered Bond Label Foundation (CBLF) is pleased to announce that DZ HYP is the seventh German issuer to join the Covered Bond Label. As of today, the total number of cover pools under the Covered Bond Label stands at 136, which have been granted to 113 issuers across 21 jurisdictions globally.
Commenting on this development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“It is with great pleasure that we welcome DZ HYP, one of the leading issuers of German Covered Bonds – Pfandbriefe. The increasing market presence of the Label in one of the most traditional covered bond markets further consolidates its role as qualitative benchmark for the industry based on a strong commitment to secure transparency and comparability through the implementation of the Harmonised Transparency Template (HTT). The picture is completed by the parallel accession of DZ HYP to the European Covered Bond Council where we are looking forward to a fruitful working relationship.”
Dr. Georg Reutter, the CEO of DZ HYP commented:
“We are delighted to join the European Covered Bond Council and the Covered Bond Label. As a leading issuer of Pfandbriefe in Germany, DZ HYP is committed to promote the covered bond market segment and strengthen investor transparency.”
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.