BlackRock Sounds Covered Bond Collateral Alarm: Credit Markets

BlackRock Sounds Covered Bond Collateral Alarm: Credit Markets

Ralph Orlowski/Bloomberg

Frankfurt-based Commerzbank set up a 5 billion-euro program to sell the notes in December. The first securities will be guaranteed by the lender and a pool of 650 million euros of company loans, according to a presentation to investors seen by Bloomberg News.