Following the €500 million ($629 million) placement of the first aircraft covered bond in early July, the head of origination at the issuing bank Norddeutsche Landesbank, Thomas Cohrs, believes the prospects are good for further issuance.

In a commentary published by the European Mortgage Federation, Cohrs said that given the current make-up of aircraft financing and the outlook for growth, issuance of about $3 billion annually over the next 20 years would be a conservative forecast.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.