Deutsche Bank details Spanish mortgage covered bond cover pool, overcollateralization at 137.96%

PUBT · 1d ago
Deutsche Bank details Spanish mortgage covered bond cover pool, overcollateralization at 137.96%
  • Deutsche Bank detailed its Q2 2026 Cédulas Hipotecarias cover pool, reporting 137.96% actual overcollateralization versus a 105% legal requirement.
  • Primary assets overcollateralization measured 128.66%, with segregated eligible mortgages under Royal Decree-Law 24/2021.
  • Outstanding Cédulas totaled EUR 4.3 billion at quarter-end, with maturities concentrated in 2026, 2027, 2029.
  • Latest transaction was a EUR 2.8 billion tap of ES0413320146 maturing March 2029; last redemption was EUR 500 million ES0413320104.
  • Cover pool notional included EUR 5.59 billion primary assets, EUR 400 million liquidity assets; weighted-average LTV 58.3%, arrears over 90 days at 0%.


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