IFLR1000

Novo Banco €10 billion covered bonds programme

5/10/2015
Covered bond issue, Bond/note programme
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€ 10 billion

$ 10.689 billion

Completed

5/10/2015

Overview:

  • Portuguese bridge bank Novo Banco established a €10 billion conditional pass-through covered bonds programme. 
  • This was the first such programme to be offered by a Portuguese issuer, and the first programme since Novo Banco's establishment. 
  • JP Morgan Securities acted as arranger and dealer and BNP Paribas acted as common representative. 

John Crabb - Journalist

Jurisdiction:

Portugal

Deal types:

Covered bond issue
Bond/note programme

Practice area:

Capital markets : Debt

Governing law:

Portugal

Industry sector:

Banking

Firms:
Baker McKenzie

Party: JP Morgan Securities (Arranger, Dealer)

Cuatrecasas

Party: DBRS (Rating agency)

Lawyer: Maria João Ricou

Morais Leitão

Party: Novo Banco (Originator)

VdA Vieira de Almeida

Party: JP Morgan Securities (Arranger, Dealer)

Party: BNP Paribas (Common Representative)

Lawyers: Paula Gomes Freire, Pedro Simões Coelho

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