Global Covered Bond Wrap

研报英文原文证据摘录

Global Covered Bond Wrap

J P M O R G A N Europe Credit Research

09 July 2026

9th July 2026

Europe Corporate Credit - Covered

Bonds and UK Housing

Associations

Suraj Dey, CFA AC

(44-20) 7134-1722

suraj.dey@jpmorgan.com

We have endeavored to comprehensively revamp our covered bond research J.P. Morgan Securities plc

coverage in the past three years. During this time, we have sought to deliver timely, Prakhar Agarwal

insightful, and actionable research on the asset-class, combining user-friendly, (91-22) 6157 3046

granular primary and secondary market data with analysis of covered bond prakhar.x3.agarwal@jpmchase.com

fundamentals, updates on regulatory developments, relative-value monitoring J.P. Morgan India Private Limited

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without your continued engagement and valuable interactions all these years. And

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to us.

Primary activity – A sneak peek

Figure 1: Primary market snapshot

Jurisdiction Issuer Size Maturity Rating (S/M/F/D) Pricing Guidance(original) Yield (at launch) Coverage ratio NIP

Priced