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- Komerční banka has become the first Czech issuer to join the Covered Bond Label
Komerční banka has become the first Czech issuer to join the Covered Bond Label
Komerční banka has joined the Covered Bond Label, a distinction designed to highlight the security and quality of covered bond programmes. KB is the first bank from Czechia to obtain this international recognition and joins with it a community of 117 other issuers committed to providing transparency to international covered bond investors. The Covered Bond Label marks another milestone following on KB’s very successful inaugural issue of a EUR-denominated mortgage covered bond in January of this year.
„Through the recent bond issuance, Komerční banka was able to benefit from the favourable conditions on the international debt capital markets in order to diversify funding sources in euro with respect to the ever-growing demand from our corporate clients for financing in the single European currency. By joining the Covered Bond Label, we confirm our commitment to full transparency towards market participants in the covered bond space, as has been our practice on the equity market as well as all other areas of the financial markets.”
The Covered Bond Label is a quality label, the purpose of which is to highlight for investors the security and quality of covered bonds. The Label establishes the core standards for quality of covered bonds, increases transparency, and improves access to information for investors, regulators, and other market participants. It is open to covered bond programmes that are compliant with the Covered Bond Label Convention and which disclose their data by publishing the Harmonised Transparency Template.
More information on all labelled issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.
Pavel Zúbek
KB Communication
+420 725 420 107
pavel_zubek@kb.cz