Dutch banks warm to soft bullet covered bonds

Dutch_houses_Adobe_575x375_04March20
By Frank Jackman
20 Nov 2020

Dutch issuers are warming towards soft bullet covered bonds, with several having already launched deals with the structure this year, as part of a move away from conditional pass through (CPT) issuance.

So far this year only two Dutch banks have sold CPT bonds, totalling €1bn, compared with €4.75bn in benchmark soft bullet issuance.

“It’s a natural transition; not the death of CPT by any stretch,” said one syndicate banker.

Several Dutch banks have already made, or are planning to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options