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What are covered Bonds

By: admin|

Covered Bonds are bonds that provide the investor with an added level of cover because they have the first rights over a pool of designated assets that are protected from other creditors and depositors.

APRA will work with the Government and legislators to ensure that the interest of the depositors are protected and the issuance of the covered bonds by the banks will hopefully reduce their reliance on overseas wholesale funding sources.Introduction of these bonds will also assist in driving competition amongst the lenders here in Australia.

Limiting Banks exposure to around 5% of their assets to ensure the safety of borrowers is also being mooted  by the regulators.

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