Pfandbriefe

Pfandbriefe

The German equivalent of a mortgage-backed security. They are issued by mortgage banks and are considered the safest non-government bond in Germany.
References in periodicals archive ?
76 billion mortgage Pfandbriefe at 'AAA' with Stable Outlook.
Esto va muy ligado a la forma habitual de refinanciacion de las hipotecas alemanas a traves de Pfandbriefe que tienen este limite (o similar) para poder ser utilizadas como su cobertura de estos valores ([seccion] 14 Pfandbriefgesetz 1995, version 2014 (54)).
In Germany, ratings are unlikely to be impacted even if the new arrangement provided more comfort, as the liquidity gap assessment for Pfandbriefe is already at the maximum which Fitch assigns to programmes with maturity mismatches.
In Germany the state implicitly supports Pfandbriefe (covered bonds) which have not defaulted in over 200 years.
db X-trackers II also offers a new bond index fund: db x-trackers II iBoxx EUR Liquid Covered Index UCITS ETF, which tracks the performance of euro-denominated investment-grade Pfandbriefe (mortgage bonds).
In addition to Pfandbriefe, Deutsche Hypo issues also unsecured bearer and registered bonds.
The merger of the two entities has been entered into the commercial register and Commerzbank has further received approval from the Federal Financial Supervisory Authority to issue public sector covered bonds, or pfandbriefe, and ship pfandbriefe.
301) and the act on mortgage bonds and related debenture bonds of public credit institutions (Gesetz uber die Pfandbriefe und verwandten Schuldverschreibungen offentlich-rechtlicher Kreditanstalten, uniform text from 9th September 1998, BGBl.
Specifically, the eligible assets included foreign government debt, German Jumbo Pfandbriefe, international agency debt, foreign government agency debt, municipal bonds, and corporate bonds.
The International Use of Synthetic Securitizations for Mortgage Financing i) Pfandbriefe and the History of the German Secondary Mortgage Market ii) Pfandbriefe and the Emerging Securitization Market in Germany C.
An important watershed came with the introduction of German Jumbo Pfandbriefe in 1996.
This type of covered bonds is also known as Oeffentlichen Pfandbriefe.