Paula Gomes Freire and Rita Rendeiro write about Portuguese Covered Bonds.

VdA’s lawyers Paula Gomes Freire and Rita Rendeiro wrote an article dedicated to Portuguese Covered Bonds for the Euromoney handbooks. In the article VdA’s lawyers state that “covered
bonds benefit from a legal and regulatory framework that in essence allows the detachment of valuable assets from a bank’s overall estate and the allocation thereof to a segregated and independently audited pool, ring-fenced for the benefit of the holders of covered bonds.” These features have allowed covered bonds to show resilience and continue to serve as a source of financing, even “in times of uncertainty”.