Covered bonds are senior unsecured obligations of a licensed bank with statutory or contractual security over a dynamic cover pool. Investors benefit from dual recourse to the issuer and to segregated collateral that is maintained to eligibility and valuation tests for the life of the bonds. Pools are typically prime residential mortgages or public sector exposures with low loss volatility, monitored by a cover pool monitor or trustee and reported at regular intervals.
Primary claim on the issuer. Priority claim on the cover pool upon issuer default as defined by the national covered bond law.
Prime assets that meet LTV caps, arrears limits, seasoning, and geographic rules. Substitutions maintain compliance over time.
Statutory and contractual OC provide a buffer against asset movements and stresses. Tracked through nominal and NPV tests.
Fixed legal maturity and bullet repayment at due date. Requires robust liquidity to avoid default on timetable.
Extension option for a defined period at a pre-set step-up margin. Mitigates fire-sale risk at issuer default.
Switch to pass-through upon trigger. Amortizes with pool cash flows and reduces maturity concentration risk.
Establish statutory or contractual framework, appoint cover pool monitor, draft base prospectus, and define OC policy and tests.
Populate cover pool with eligible assets. Run stratification and cash flow stresses. Confirm NPV and nominal tests at target OC.
Obtain program and expected issue ratings. Prepare investor presentation and pool tapes. Align maturity profile with ALM targets.
Announce mandate, run IPTs, build book, and price relative to curve and peer programs. Confirm ECB or central bank repo eligibility where relevant.
Close, allocate, and settle. Begin periodic cover pool reporting and regulatory submissions. Maintain substitutions and liquidity buffers.
Use taps to optimize size and liquidity. Manage curve with balanced tenors, avoiding bunching at spread sensitive maturities.
We support bank issuers on feasibility, pool criteria, OC calibration, maturity profile selection, investor education, and syndication strategy in coordination with legal counsel and the cover pool monitor. For non-banks we design adjacent solutions such as term securitization, secured notes, and forward flow structures that replicate key benefits where the covered bond label is not available.
Speak with our structuring team about covered bond program design for banks or capital markets alternatives for non-banks.
Talk To FinancelyFinancely Group is an advisory and placement firm. We are not a bank and we do not issue covered bonds. All structures are subject to KYC, AML, sanctions screening, legal due diligence, and approvals by regulated institutions.
Submit your deal using our secure intake form, and receive a quote within 1-3 business days. Existing clients can connect with their relationship manager through our secure web portal.
All submissions are
promptly reviewed, and all communications are conducted through the intake form or the client portal for a seamless and secure process.
Thank you for considering working with us. A nominal fee of US$500 is required upon completion of each form. This fee covers the time and effort we invest in reviewing your submission and crafting a thorough proposal. We receive numerous inquiries and prioritize those that carry this fee, ensuring serious applicants receive prompt attention.
Tap into solutions like letters of credit, bank guarantees, and payment facilitation. We address the challenge of global transaction risk through structured strategies that foster cross-border growth. Complete the form to unlock streamlined funding aligned with your commercial objectives.
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Submit a RequestOnce we receive your submission, our team will review your information to determine feasibility. If eligible, you will receive a proposal or term sheet within 1–3 business days. Visit our FAQ and Procedure pages for more information.
Disclaimer: Financely provides financing based on due diligence and feasibility. Approval is not guaranteed, and past performance does not predict future outcomes. All terms are subject to review. Financely primarily assists with structuring and distribution. Qualified parties carry out the project if the client approves the proposal.
Financely advises growth-focused businesses on accessing capital by introducing their opportunities to professional investors. Financely is not a securities broker or dealer. Where appropriate, engagements are coordinated with regulated broker-dealers, investment banks, legal counsel, and other specialists.
Financely does not solicit, offer, or accept orders to buy or sell securities and makes no assurance regarding capital-raising outcomes.
Services are strictly business-to-business. Financely does not provide personal finance, consumer credit, or retail advisory services.
Advisory services are reserved for post-revenue companies that recognize the time and resources required for professional underwriting.
All mandates start with an RFQ. We review submissions, issue a brief Go/No-Go memo, and where bankable, release a Term Sheet that leads to funding. We arrange capital across Senior Secured, Unitranche, Second Lien/Mezzanine, Preferred Equity, and Gap Solutions. We do not process deals by email or chat.
Letters of Credit, Standby LCs, Confirmations, Receivables Finance, and Inventory Lines with control.
Funding arranged for trade flows with instruments sized to your cycle and aligned to delivery and settlement.
Move forward to secure working capital and keep goods moving. Submit the RFQ to start underwriting for funding.
Limited or non-recourse structures for energy and infrastructure with lender-ready materials.
Funding solutions aligned to project cash flows with credible covenants and conditions to reach notice to proceed.
Advance the file to termable status. Submit the RFQ so we can underwrite and secure funding.
Debt and Preferred solutions anchored on cash flow, Quality of Earnings, and clear closing mechanics.
Funding across senior, unitranche, and preferred to match stable cash flows and acquisition timelines.
Get financed on workable terms for closing. Submit the RFQ to start underwriting.
Acquisition, development, bridge, and refinance with lender-ready packs and third-party reports managed.
Funding calibrated to DSCR, leverage, and tenancy with terms designed to close.
Move to a financeable package. Submit the RFQ to initiate underwriting for funding.
KYC and Source of Funds required. Engagements are best-efforts and subject to underwriting. Preference for operating companies with meaningful revenue. See our FAQ and Procedure.
Financely Inc. (“Financely”) provides corporate-finance advice and is wholly owned by Aurora Bay Trust, a trust formed under Bahamian law, together with its authorized affiliates. Depending on deal structure, jurisdiction, and local rules, engagements may be carried out through Financely Group LLC, a non-deposit-taking, non-banking financial company; Ashford Capital Advisory LLC; or another related entity.
Financely and its affiliates are not registered as securities broker-dealers and do not execute securities transactions or hold client funds or securities. When a mandate involves the purchase or sale of securities and a registered intermediary is required, any orders are introduced to and executed by one or more independent U.S. broker-dealers registered with the SEC and FINRA. Those broker-dealers are solely responsible for trade execution, custody, and related regulatory obligations. Nothing in this material constitutes an offer, solicitation, or recommendation to buy or sell any security or to engage in any specific transaction. Before engaging Financely Group LLC, Ashford Capital Advisory LLC, or any affiliate, you are responsible for confirming that such engagement complies with your own legal, regulatory, tax, and other requirements. In the United States, certain advisory activities may be conducted in reliance on exemptions available under the Investment Advisers Act of 1940, including the “foreign private adviser” exemption where applicable. Our services and regulatory status may vary by jurisdiction and by transaction type.
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