Luminor Bank steps closer to covered bond issuance with Moody’s rating

debut_Adobe_230x150
By Bill Thornhill
16 Jan 2020

An Estonian covered bond could soon be due in the market after Moody’s rated Luminor Bank’s programme this week — the first to be structured under the country’s newly established law. The rating comes after the European Central Bank granted Luminor a license to issue covered bonds in December.

On Monday Moody's assigned a provisional long-term rating of Aa1 to mortgage covered bonds issued by Luminor Bank. 

Luminor's deposit rating is Baa1 with a stable outlook. The counter-party risk assessment rating, which is governed by the Estonian Covered Bond Act, is pegged at A3.

The covered bonds will ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.