The Pfandbrief, a fixture of German finance, turns 250

France Nouvelles Nouvelles

The Pfandbrief, a fixture of German finance, turns 250
France Dernières Nouvelles,France Actualités
  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 92%

Bonds worth more than €50bn ($59bn) were issued last year

These days 82 German banks issue, up from 40-odd in 2005, when the market was loosened. Last year €50.4bn-worth of bonds were issued, according to the Association of German Pfandbrief Banks , up a bit from 2017. Of these, €43.2bn were backed by mortgages, a 17% jump. Public-sector bonds made up the rest, but these have dwindled in recent years. In the first half of 2019, €34.9bn ofwere sold. Over €365bn-worth are outstanding, €237bn mortgage-backed.

Several other countries, chiefly in Europe but also in Asia, have their own covered bonds. Unlike most American mortgages, the underlying loans stay on issuing banks’ balance-sheets. That, plus strict collateralisation rules and safeguards for bondholders if banks go bust, makes covered bonds safer bets than American mortgage-backed securities, according to the bonds’ boosters.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

TheEconomist /  🏆 6. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Breakingviews - Dixon: Greek PM makes good but not perfect startBreakingviews - Dixon: Greek PM makes good but not perfect startFrom breakingviews: Greek Prime Minister Kyriakos Mitsotakis makes good but not perfect start, hugodixon writes:
Lire la suite »

Here are 3 big reasons why Germany's economy is flopping — and why recession could be around the cornerHere are 3 big reasons why Germany's economy is flopping — and why recession could be around the cornerThe global economic slowdown has hit German manufacturing hard.
Lire la suite »

Rhino Charges and Flips Car at German Park in Terrifying Video with the Zookeeper InsideRhino Charges and Flips Car at German Park in Terrifying Video with the Zookeeper InsideRhino charges and flips car at German park in terrifying video with the zookeeper inside
Lire la suite »

Skrillex And Ty Dolla $ign Make Breakups Sound Festive In City Girls-Sampling New SongSkrillex And Ty Dolla $ign Make Breakups Sound Festive In City Girls-Sampling New Song.Skrillex, tydollasign and boysnoize are a late-night parade coming down the block in MidnightHour
Lire la suite »

John Williams Recreates Exquisite 'Schindler's List' Theme With Anne-Sophie Mutter: PremiereJohn Williams Recreates Exquisite 'Schindler's List' Theme With Anne-Sophie Mutter: PremiereJohn Williams has conducted a new album of some of his most iconic movie themes with violinist Anne-Sophie Mutter (mutterviolinne)
Lire la suite »



Render Time: 2025-04-07 02:24:28