These days 82 German banks issue, up from 40-odd in 2005, when the market was loosened. Last year €50.4bn-worth of bonds were issued, according to the Association of German Pfandbrief Banks , up a bit from 2017. Of these, €43.2bn were backed by mortgages, a 17% jump. Public-sector bonds made up the rest, but these have dwindled in recent years. In the first half of 2019, €34.9bn ofwere sold. Over €365bn-worth are outstanding, €237bn mortgage-backed.
Several other countries, chiefly in Europe but also in Asia, have their own covered bonds. Unlike most American mortgages, the underlying loans stay on issuing banks’ balance-sheets. That, plus strict collateralisation rules and safeguards for bondholders if banks go bust, makes covered bonds safer bets than American mortgage-backed securities, according to the bonds’ boosters.
Well that's interesting to know.
That doesn't say much...
PolemicTMM any relation of yours PP?
Schnell
But were any of them named James?
He’d own some $BTC for sure
Germany must be right.
At what rate
„The Pfandbrief“, I am very pleased, dear . Now, please also write something about the Kommunalobligation. 😉