16 February 2018
Brussels, 16 February 2018 – For immediate release
The Covered Bond Label Foundation (CBLF) is delighted to announce that mBank Hipoteczny has become the second Polish issuer to join the Covered Bond Label. As such mBank Hipoteczny becomes the 99th issuer to hold the Label and brings the total number of labelled pools to 115.
Commenting on this latest addition to the Label, 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. mBank Hipoteczny’s adhesion builds on the momentum that the Covered Bond Label is gaining in Poland and the commitment to transparency of issuers in that jurisdiction.”
Commenting on mBank Hipoteczny acquiring the Label, Piotr Cyburt, CEO of mBank Hipoteczny, said:
“mBank Hipoteczny as a mortgage Covered Bonds issuer with the longest history on Polish capital market joins the Covered Bond Label in order to strengthen the established relationship with international investors and confirm our full commitment to comply with standards of transparency by implementing Harmonised Transparency Template (HTT).”
To recap, 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.