Commerzbank sets up new public sector covered bonds scheme
Commerzbank will put the finishing touches to the marketing of its new public sector-backed covered bond programme on Friday, after getting ratings from Moody’s and Fitch. The programme is collateralised mainly by export credit agency (ECA) guaranteed loans — unlike the bank’s old Eurohypo programme, which was put into wind-down in 2012 and was backed by loans to municipalities.
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