Deutsche Bank details Spanish mortgage covered bond cover pool, overcollateralization at 137.96%
DB•Outstanding bonds and cover pool composition
Outstanding Cédulas totaled EUR 4.3 billion at quarter-end, with maturities concentrated in 2026, 2027, and 2029.
The latest transaction was a EUR 2.8 billion tap of ES0413320146 maturing March 2029; the last redemption was EUR 500 million ES0413320104.
Cover pool notional included EUR 5.59 billion primary assets and EUR 400 million liquidity assets. Weighted-average LTV was 58.3%, and arrears over 90 days were 0%.
Deutsche Bank reports Q2 2026 cover pool metrics
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.
