20 February 2020
Brussels, 20 February 2020 – For immediate release
The Covered Bond Label Foundation (CBLF) is pleased to announce that Luminor is the first Estonian issuer to join the Covered Bond Label. As of today, the total number of cover pools under the Covered Bond Label stands at 133, which have been granted to 112 issuers across 21 jurisdictions globally.
Commenting on this development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“We are delighted to welcome Luminor to the Covered Bond Label as the first issuer in Estonia. Not only does this inaugural issuance represent the opening of a new covered bond market but it also marks an important success for the “Pan-Baltic” Initiative and reinforces the significance of covered bonds for the Capital Markets Union Project. Against this background, the Covered Bond Label once again 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).”
Jonas Eriksson, the CFO of Luminor, said:
“As the first bank in the Baltics, Luminor is glad to be joining the Covered Bond Label, confirming our commitment to transparency and strengthening our relations with the international investor community.”
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 33
This Press Release is also published on the Covered Bond Label website here.