Welcome to the
Commerzbank Finance & Covered Bond S.A.
The main business of Commerzbank Finance & Covered Bond S.A (CFCB) is the issuance of Luxembourg Covered Bonds (Lettres de Gage) as funding for the local Public Finance Portfolio. The discontinuation of public finance business in the Group also stopped CFCB's issuance of Covered Bonds in 2013. In this context, the Bank takes advantage of market opportunities to reduce its portfolio in a value-preserving manner.
The company has a Moody‘s Issuer‘s rating of A2, Outlook stable.
CFCB has no longer a Lettres de Gage Rating. Furthermore, since 2013 the Lettres de Gage are not ECB eligible because of regulatory changes relating to CRD IV/CRR (Art. 129).
Commerzbank Strategy 2024:
As part of its strategic realignment, Commerzbank AG will relocate or discontinue most of its business activities in Luxembourg to Germany by 2024. The Luxembourg location also includes the subsidiary Commerzbank Finance & Covered Bond S.A. ("CFCB") which will remain unchanged.
Commerzbank AG will of course comply with its legal, regulatory and economic obligations arising from this business at any time.
Contact
Commerzbank Finance & Covered Bond S.A.
P.O.Box 321
L-2013 Luxembourg
- Phone: + 352 / 477 911 - 1
- send e-mail
