The Institute of International Bankers and Morrison & Foerster are hosting a breakfast briefing on covered bonds.

During 2010, foreign banks issued approximately $30 billion of covered bonds into the U.S. markets, and 2011 promises to be another active year. The briefing will provide practical advice on how foreign banks can access U.S. investors through 3(a)(2) and 144A issuances of covered bonds.

Topics Will Include:

• Establishing a program specifically designed for issuances into the United States as well as issuing into the United States through an existing program.
• Documentation requirements for foreign issuers.
• The merits of 3(a)(2) versus 144A programs, including bank regulatory implications.
• Disclosure issues.
• Liability concerns.
• Ratings.
• Other recent developments affecting covered bonds.

Speakers:

• Charles M. Horn
  Partner, Financial Services Group, Morrison & Foerster
• Jerry R. Marlatt
  Senior Of Counsel, Capital Markets Group, Morrison & Foerster
• Barbara R. Mendelson
  Partner, Financial Services Group, Morrison & Foerster
• Anna T. Pinedo
  Partner, Capital Markets Group, Morrison & Foerster

Morrison & Foerster will provide CLE credit.