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Covered Bonds

A covered bond is a collateralised debt security that is backed by a pool of assets (e.g. loans or securities) to which the covered bond holders have a preferential right in the event of default. 

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    Covered bond holders thus have dual recourse protection in that, in the event of the issuer’s default, they have both a claim on the issuer (a bank) and a preferential claim on the assets (principal and interest) included in the cover pool. A covered bond contains structural elements that define it and without which it is not a highly liquid asset. European covered bonds date their history back to 1769 in Prussia (today’s Germany), and they have been in continuous use for more than 250 years. Also, Danish covered bonds are among the oldest markets in Europe with a rich history. Covered bonds have been proven themselves even during economic crises as a reliable investment security.

General description

Slovak regulatory framework

European regulatory framework

List of banks issuing covered bonds and list of covered bond administrators and deputy administrators

Covered Bond Market Data in the Slovak Republic

Covered Bonds Labelled “European Covered Bond”

ESG and Sustainable Covered Bonds