ASB Bank launches €500m covered bond offering

ASB Bank has initiated a covered bond offering valued at €500 million as of February 17, 2026. Covered bonds are debt securities backed by a pool of high-quality assets, typically mortgages, providing investors with enhanced security. This issuance reflects ASB Bank's strategy to diversify its funding sources and potentially reduce borrowing costs. The move is significant for the European covered bond market, indicating continued demand for secure fixed-income instruments amid evolving financial conditions.