Covered Bonds definition

Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

Covered Bonds means any mortgage-backed bonds and/or covered bonds or notes issued by the Issuer, the obligations of which benefit from a special creditor privilege (privilégio creditório especial) as a result of them being collateralised by a defined pool of assets comprised of mortgage loans or other loans permitted by applicable Portuguese legislation to be included in the pool of assets and where the requirements for that collateralisation are regulated by applicable Portuguese legislation.

Covered Bonds means bonds, notes or other securities (however defined) designated by the Issuer as covered bonds and secured on a segregated pool of assets.

Examples of Covered Bonds in a sentence

• During the period covered by this report, the issuing entity did not guarantee and the Bank did not issue any Covered Bonds.

• The terms and conditions applicable to any particular Tranche of Covered Bonds are these Conditions as completed by the relevant Final Terms.

• The Notes are Covered Bonds issued in accordance with the Act on Covered Bonds and rank pari passu with all other outstanding Covered Bonds and other obligations of the Issuer which benefit from the same priority right in the Cover Pool as Covered Bonds under the Swedish Rights of Priority Act (Sw. Förmånsrättslagen (1970:979)) and the Act on Covered Bonds.

• Ratings Ratings:The Covered Bonds to be issued are expected to be rated Aaa by Moody’s Investors Service (Nordics) AB Limited (“Moody’s”).Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk.There is no guarantee that the above rating will be maintained following the date of these Final Terms.

• Interests of Natural and Legal Persons involved in the IssueSave as discussed in the “Subscription and Sale” and “General Information” sections of the Base Prospectus, so far as the Issuer is aware, no person involved in the offer of the Covered Bonds has an interest material to the offer.4. Fixed Rate Covered Bonds only – Yield Indication of yield:3.137 per cent.

More Definitions of Covered Bonds

Covered Bonds means any mortgage-backed bonds and/or covered bonds issued pursuant to Decree Law No. 59/2006 of 20 March or any succeeding or replacing legislation, namely Decree Law No. 31/2022 of 6 May by any of the Issuers or any subsidiary thereof, the obligations of which benefit from a special creditor privilege (“privilégio creditório especial”) as a result of them being collateralised by a defined pool of assets comprised of mortgage loans or other eligible assets permitted by applicable Portuguese legislation to be included in the pool of assets and where the requirements for that collateralisation are regulated by applicable Portuguese legislation.

Covered Bonds means bank bonds for which repayment of principal and interest is guaranteed by a portion of the bank's economic assets (specifically land and mortgage credits, amounts due from, or guaranteed by, public authorities and securities issued in the framework of securitisation operations covering credits of the same kind), the cashflows of which are allocated purely to servicing the bond; including, without limitation, Pfandbrief, Cedulas and Foncières.

Covered Bonds means the International Covered Bonds and New York Law Covered Bonds. "EEA" means the European Economic Area.

Covered Bonds means the Bearer Covered Bonds and the Registered Covered Bonds of any Series issued pursuant to the Trust Deed which shall be (or in the case of Registered Covered Bonds, whose Registered Covered Bonds Deed shall be) substantially in the relevant form set out in the relevant Schedule to the Trust Deed or, as the case may be, a specific number thereof and includes any replacement covered bonds of such Series issued pursuant to Condition 11 and each Global Covered Bond in respect of such Series for so long as it has not been exchanged in accordance with the terms thereof.

Covered Bonds has the meaning specified in recital (A) hereof;

Covered Bonds means each covered bond issued or to be issued pursuant to this Agreement;

Covered Bonds means any bonds, notes or other debentures issued by a bank or an SPV where payment of the liabilities to the holders of such covered bonds and any liabilities arising from the enforcement of the rights of the holders of the covered bonds are: