Investor Presentaiton
LA BANQUE POSTALE HOME LOAN SFH: LEGAL FRAMEWORK
STRUCTURE OVERVIEW
NAMENSSCHULDVERSCHREIBUNGEN
DOCUMENTATION
Collateral
Collateralised
Loans
La Banque Postale
(Borrower)
Cover Pool
(French Home Loans)
Principal
and Interest
La Banque Postale Home Loan SFH
(Covered Bonds Issuer)
Collateralised loans
Covered Bonds
(OH)
Public Issuances
Private Issuances
Covered Bonds
Proceeds
LA
BANQUE
POSTALE
Investor presentation / December 2021
COVER POOL
In June 2014, La Banque Postale established a
programme for the issuance of German registered
covered bonds, known as Namensschuldverschreibungen
or "N-bonds".
Investors in the N-bonds benefit from strong protection
with an absolute priority claim over the SFH's assets
(including the cover pool), by law. They are ranked
pari passu with the SFH's other bondholders.
The N-bonds are registered covered bonds governed
by German law.
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