Pfandbrief

Covered bonds - Germany.

A Pfandbrief is a mortgage-backed or public sector loan-backed bond issued by a German bank.

The strict regulatory regime governing Pfandbrief-issuing and their relatively high credit ratings have enabled issuers to sell them widely to international investors.

See also

• Aircraft Pfandbrief
• Bond
• Covered bond
• Credit rating
• Mortgage
• Mortgage Pfandbrief
• Public Pfandbrief
• Public sector
• Schuldschein
• Ship Pfandbrief