Press release

The Covered Bond Label consolidates its presence in Estonia: LHV Pank AS joins as 114^th issuer, the second in the Baltics

Brussels, 25 May 2020 – For immediate release

The Covered Bond Label Foundation (CBLF) is pleased to announce that LHV Pank AS is the second Estonian issuer to join the Covered Bond Label. As of today, the total number of cover pools under the Covered Bond Label stands at 137, which have been granted to 114 issuers across 21 jurisdictions globally.

Commenting on this development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:

“We are delighted to welcome the LHV Pank AS before its inaugural issuance. Once again, the Covered Bond Label reinforces the significance of covered bonds for the Capital Markets Union Project and confirms its supportive role for introducing covered bonds in new jurisdictions. The Covered Bond Label confirms its role as the qualitative benchmark for the Industry based on a strong commitment to secure transparency and comparability through the implementation of the Harmonised Transparency Template (HTT).”

Kadri Haldre, Head of Treasury of LHV Pank AS, said:

“LHV views covered bonds as a key source of funding for the bank in the future. We commit to transparent and high-quality reporting to our investors and are very glad to join the Covered Bond Label.”

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.