Novo Banco S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages - CPT)

Covered Bonds

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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.