HSH Nordbank repays SoFFin bond in the size of EUR 3 billion
Hamburg/Kiel, January 23, 2012 - HSH Nordbank repaid another bond guaranteed by the Special Financial Market Stabilisation Fund (SoFFin) on last Friday. The bond amounting to EUR 3 billion was issued in January 2009.
With the repayment of this issue the size of the guarantee facility of which HSH Nordbank availed itself from SoFFin has been reduced from the original amount of EUR 17 billion to EUR 3 billion. By July 2012 the Bank will have repaid all of the remaining guarantee facility, when redeeming the last outstanding bond.
"The repayment of the SoFFin bonds marks a further milestone in the Bank's way back to independence," stated Paul Lerbinger, Chairman of HSH Nordbank's Management Board.
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