Foreign Banks Issuing Covered Bonds into the U.S.


Wednesday, April 10, 2013


Jerry R. Marlatt, Anna T. Pinedo, and Melissa D. Beck, Morrison & Foerster LLP, New York




1-2 pm EDT

CLE Credits:

1 hr


Despite the sovereign debt crisis and heightened volatility, the covered bond market remains very attractive. Foreign banks continue to access the U.S. markets with covered bond offerings. We will discuss the market environment, the legal and regulatory considerations, and the process for an exempt offering by a foreign issuer. Topics include: Current trends in covered bonds and an update on the European market ; An update on legislation; Section 3(a)(2) versus Rule 144A ; and Bank regulatory considerations.