Glossary entry

English term or phrase:

AAA-rated covered bond issuances

French translation:

émissions d'obligations foncières notées AAA

Added to glossary by Stéphanie Soudais
Sep 23, 2007 11:54
16 yrs ago
2 viewers *
English term

AAA-rated covered bond issuances

English to French Bus/Financial Finance (general) lending sector
The UK and European markets conform to the legal UCITS guidelines for mortgage products comprising AAA-rated covered bond issuances in each specific jurisdiction.
Change log

Sep 23, 2007 13:12: Stéphanie Soudais Created KOG entry

Proposed translations

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émissions d'obligations foncières notées AAA

In Spain, for example, covered bonds backed by mortgages, known as Cédulas Hipotecarias, were created by a special law in 1981, while in France, covered bonds, known as obligations foncières, can be traced as far back as 1852, with the establishment of the first mortgage bank, Credit Foncier de France.

http://europe.pimco.com/LeftNav/Bond Basics/2006/Covered Bon...
Peer comment(s):

agree juristrad
3 hrs
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4 KudoZ points awarded for this answer. Comment: "merci"
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