RE:RE:Covered Bond Issuers in CanadaAnother form of funding for non-CMHC funded/backed mortgages
Like other forms of secured funding, covered bonds are collateralized, typically by a segregated pool of high-quality assets. (IE:Mortgages/Houses as collateral)
https://www.bankofcanada.ca/wp-content/uploads/2018/06/fsr-june18-ahnert.pdf
whodathunkit wrote: athec wrote: CMHC announced yesterday that HSBC Bank Canada has become the 8th registered issuer of covered bonds in Canada.
https://www.cmhc-schl.gc.ca/en/finance-and-investing/canadian-registered-covered-bonds/canadian-covered-bonds-registry/canadian-covered-bond-program-hsbc-bank-canada
More issuers to be announced? I would bet on it. (I have already, LOL)
THIS BAD NEWS FOR A SELECT GROUP OF PEOPLE IN BOSTON, NEW YORK, AND CALIFORNIA
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.hcg&postid=28491259#M2h4MjsiZ356X7gm.99
I'm not big on bonds. So, what's a covered bond?
Cheers.