4th IFR Covered Bonds Conference
Market Revival and Resurgence after the Credit Crisis
17 February 2010, Steigenberger Frankfurter Hof, Frankfurt
In the eye of the credit storm covered bonds held firm despite an unprecedented widening of spreads. Now, with markets stabilizing, the time is right to reappraise the prospects of this enduring asset class. This conference will bring together leading issuers, investors and intermediaries to discuss the fundamental issues that will shape the market in the future.
- What will happen to covered bonds once the ECB purchase programme comes to an end in June 2010?
- Will record redemptions help to support covered bonds in 2010?
- Does the potential increase in issuance activity imply a risk for spreads?
- How can we increase the number of investors in this asset class?
- Is it fundamentally too expensive versus other bank capital?
- How government guaranteed paper impacted the market and how will covered bonds fare in a post-guaranteed world?
- How has private placement activity endured?
- What impact will the implosion of mortgage backed securities markets have on covered bonds?
- What asset pools might develop?
This conference will explore the market outlook in all the major covered bond markets including Pfanbriefe, Obligations Foncières, Cédulas Hipotecarias and the Nordic markets. It will also look at the prospects for new markets including the USA.
Exploring all the issues with IFR's customary incisiveness and vigour, this is a must-attend conference for anyone with a stake in future covered bond markets.