HSH Nordbank issues another benchmark bond

Hamburg/Kiel, April 29, 2009 - Today HSH Nordbank successfully placed its second benchmark bond guaranteed by Germany’s state-owned Financial Market Stabilisation Fund (SoFFin).

The bond’s placement volume comes to 3 billion euros. At the time of closing the orderbook was oversubscribed more than twice at more than 8 billion euros. The bond will have a term of two years. HSH Nordbank is paying a coupon for the bond with a premium of 20 basis points above the relevant swap rate. The joint lead banks of the placement besides HSH Nordbank are Commerzbank, DZ Bank, HSBC and Morgan Stanley. The pricing of the bond is due to take place this afternoon.

In January of this year HSH Nordbank issued a three billion euro benchmark bond with a three year term.

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