5 September 2018
Brussels, 5 September 2018 – For immediate release
The Covered Bond Label Foundation (CBLF) is pleased to announce that Canadian Imperial Bank of Commerce has today become the 104th Issuer to join the Covered Bond Label. As of today, the total number of cover pools under the Covered Bond Label stands at 121 across 18 jurisdictions globally.
Commenting on this latest development, Luca Bertalot, CBLF Administrator, said:
“Welcoming Canadian Imperial Bank of Commerce as the latest addition to the growing family of Canadian issuers continues the commitment demonstrated at the 27th ECBC Plenary Meeting in Vancouver in April and brings Canadian issuers holding the Covered Bond Label to over 84% of the Canadian market. The Covered Bond Label is gaining momentum both globally and throughout North America as the commitment to maximum transparency by implementing the Harmonised Transparency Template (HTT) is continuously increasing.”
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.
Covered Bond Label Foundation (CBLF)
Tel. +32 2 285 40 35
This Press Release is available on the Covered Bond Label website here.