CaixaBank and HBOS set to buy their covered bonds
CaixaBank will redeem nearly €10bn of retained covered bonds over 13 separate deals in a move that will ramp up its over-collateralisation (OC) and could be a precursor to it issuing a new type of covered bond that will encumber its balance sheet less. Meanwhile, the HBOS plans to tender four deals to optimise its stock of outstanding debt securities.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts