Novo Banco S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT)Covered Bonds
Novo Banco Pass-through Covered Bond Programme is stablished under the Portuguese covered bond law to issue up to EUR 10 billion of covered bonds. The programme is listed in Ireland; however, the programme is under the Portuguese law and Bank of Portugal's supervision. Novo Banco is obligated to pay interest and principal on the covered bonds subject to their terms.