NIBC wins Award for InnovationCorporate News -
Yesterday, 14 May 2014, NIBC Bank won the Award for Innovation 2014 for its Conditional Pass Through Covered Bond (CPTCB) programme at The Covered Bond Report Awards for Excellence in Frankfurt. NIBC launched the innovative covered bond structure in October last year followed by a successive transaction in April of this year. NIBC gained global recognition for this new product. In December 2013, it was awarded the IFR Award for Covered Bond of the Year.
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