HBOS has become the first UK issuer to have a euro covered bond included on the EuroCredit MTS platform, the pan-European electronic market for fixed-income covered bond securities.

EuroCredit MTS, a division of EuroMTS, is the first member of the MTS Group to list a UK issuer. The firm said it had amended its definition of benchmark issuers in order to recognise the "substantial potential for issuance of covered bonds by UK issuers".