First Belgian covered bonds due in January as domestic law nears
A Belgian covered bond law is almost in place, with final approval by parliament expected in October. And according to delegates at a covered bonds seminar in Brussels this week, at least two issuers are preparing to launch deals next January.
The Belgian law draws on the strengths of the Pfandbrief model but incorporates additional structural features along the lines of the UK, Canadian and Australian models.
Belfius Bank (formally Dexia) and KBC are understood to be ready to issue covered bond benchmarks in January, according to bankers attending the
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