HSH Nordbank has placed a third EUR 3 bn benchmark bond guaranteed by the German financial markets stabilisation fund Soffin. The bond has a term of three years.
HSH Nordbank has placed a third EUR 3 bn benchmark bond guaranteed by the German financial markets stabilisation fund Soffin. The bond has a term of three years.
Aside from HSH Nordbank, other lead banks of the transaction were were BNP Paribas, Commerzbank, HSBC and JP Morgan. The issue with an order book of more than EUR 5.5 bn was internationally widely placed.
So far, HSH Nordbank has made use of EUR 17 bn of its EUR 30 bn guarantee facility granted by Soffin. Of this figure, multi-year term bonds totaling EUR 9 bn have been publicly placed while EUR 8 bn with a maturity of less than one year have been deposited with the European Central Bank.
