Issuers Consider Alternative Covered Bond Collateral

09 Jul 2008

Issuers are considering coming to market with U.S. covered bonds backed by credit card debt, student loan debt and municipal bond debt, which would all be firsts.

-- Leo Shvartsman

Issuers are considering coming to market with U.S. covered bonds backed by credit card debt, student loan debt and municipal bond debt, which would all be firsts. “Our clients are looking at deals in all of those sectors,” said John Arnholz, partner at McKee Nelson. “The ...

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